River Group is authorised to announce that, at the general meeting of Petmin held on Friday, 12 May 2006, the ordinary resolutions proposed whereby Petmin issue 83 333 333 shares for cash to New Africa Mining Fund Nominees, other non- related party places and PSG Capital were approved by shareholders representing 100% of the votes in person or by proxy.
The conclusion of this financing together with the finalisation of the R40 million asset based term loan of Standard Bank which is expected to be commissioned by the end of 2006 concludes the total financing required for the Somkhele Anthracite project.
The JSE will list the shares on or before Monday, 22 May 2006
Sponsor and Corporate Advisor
River Group
© 2009 Petmin Limited