| Sale of Asset - Kruidfontein | |
| | |
|
_
1 December 2014
Completion of asset sale - Kruidfontein prospecting right
Further to the release by Aquarius Platinum Limited ("Aquarius" or the "Company") on 30 January
2014, Aquarius advises that the sale of its indirect interest in the Kruidfontein prospecting right ("Kruidfontein Right") to Pilanesberg Platinum Mines (Pty) Ltd has been completed, following which Aquarius' subsidiary received South African Rands equivalent to USD27.0 million (before Capital Gains Tax "CGT") in cash on 1 December 2014.
Aquarius will, in settlement of the contractual obligation to the original vendors of the interests in the Kruidfontein Right, within 10 business days, elect to pay an amount of USD10.8 million (before CGT) to the original vendors either in cash or by the issue of Aquarius shares to same value, or by a combination of cash and shares.
For further information please contact: Jean Nel - CEO
+270100012848
Willi Boehm - Company Secretary
+61893675211
or visit: www.aquariusplatinum.com
REGISTERED OFFICE
Aquarius Platinum Limited ● Clarendon House ● 2 Church Street ● Hamilton HMCX Bermuda
Email: [email protected]
Telephone: +61 8 9367 5211
|
|
|
PRODUCER |
CODE : AQP.L |
ISIN : BMG0440M1284 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Aquarius Platinum is a platinum producing company based in . Aquarius Platinum produces platinum, chromium, copper, gold, nickel, palladium and rhodium in South Africa and in Zimbabwe, develops platinum in South Africa. Its main assets in production are KROONDAL and MARIKANA in South Africa and MIMOSA in Zimbabwe and its main assets in development are EVEREST and BLUE RIDGE MINE in South Africa. Aquarius Platinum is listed in Australia, in Germany, in South Africa and in United Kingdom. Its market capitalisation is GBX 20.4 billions as of today (US$ 28.9 billions, € 25.4 billions). Its stock quote reached its highest recent level on October 10, 2008 at GBX 99.08, and its lowest recent point on December 18, 2015 at GBX 10.00. Aquarius Platinum has 1 509 310 080 shares outstanding. |