| Section 11 consent obtained and Part B acquisition of Everest becomes unconditional | |
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Published on 01 October 2015
Northam shareholders are referred to the SENS announcement dated 10 February 2015 wherein shareholders were advised that Northam had entered into a sale of assets agreement with Aquarius Platinum (South Africa) (Pty) Ltd to acquire the Everest Mining Assets and Everest Mining Right for a total cash purchase consideration of R450 million (excluding VAT), comprising R400 million for the Everest Mining Assets (Part A Sale) and R50 million for the Everest Mining Right (Part B Sale). Shareholders are also referred to the SENS announcement dated 23 April 2015, wherein shareholders were advised that the Part A Sale had become unconditional.
Northam is pleased to announce that the parties have obtained consent in terms of section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 to transfer the Everest Mining Right to Northam. The conditions precedent to the Part B Sale have therefore been fulfilled and the Part B Sale has become unconditional. The Part B Sale will be implemented on 8 October 2015.
Paul Dunne, CEO of Northam, says, 'Northam is pleased to have successfully implemented this key strategic acquisition, which provides Northam with significant long-term organic growth optionality. With Everest now being part of the broader Booysendal mining footprint, Northam is well positioned to assess and prioritise its internal growth opportunities.'
Johannesburg
1 October 2015
Corporate Advisor, Sponsor and Debt Sponsor: One Capital
Attorneys: Cliffe
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Northam Platinum Ltd
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PRODUCTEUR |
CODE : NOC.BE |
ISIN : ZAE000030912 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Northam Platinum est une société de production minière de platine basée en Afrique Du Sud. Northam Platinum détient divers projets d'exploration en Afrique Du Sud. Son principal projet en production est NORTHAM MINE en Afrique Du Sud et son principal projet en développement est BOOYSENTHAL en Afrique Du Sud. Northam Platinum est cotée aux Etats-Unis D'Amerique, en Afrique Du Sud et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,8 milliards €UR (2,2 milliards US$, 1,8 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 décembre 2015 à 1,16 €UR, et son plus haut niveau récent le 08 septembre 2021 à 10,50 €UR. Northam Platinum possède 174 810 000 actions en circulation. |