Aquarius Platinum Termination of Sale Agreement
15 October 2014 - 5:01PM
UK Regulatory
TIDMAQP
AQUARIUS PLATINUM LIMITED
ASX, LSE & JSE
15 October 2014
TERMINATION OF SALE AGREEMENT
On 30 January 2014 Aquarius announced that it had agreed to sell its indirect
interests in Blue Ridge Platinum (Pty) Ltd and Sheba's Ridge Platinum (Pty) Ltd
to a consortium led by the China National Arts & Crafts (Group) Corporation
("Consortium"). The sale agreement was subject to a number of conditions,
including Chinese Government approvals, South Africa Competition Commission
approval and a number of Department of Mineral Resources (DMR) regulatory
approvals. The outside date for satisfaction of the conditions was initially
set at 30 June 2014, but was subsequently extended on nine occasions, by
agreement between the parties.
As at 14 October 2014 certain South African regulatory approvals had
regrettably not yet been granted.
On 14 October 2014 Aquarius had been advised by the Consortium that it had
decided not to again extend the outside date, as a result of which, the
agreement terminated on 14 October 2014.
For further information please contact:
Jean Nel - CEO
+270100012848
Willi Boehm - Company Secretary
+61893675211
END
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