Anooraq Resources Corporation - Further cautionary announcement
15 Dicembre 2011 - 3:00PM
PR Newswire (Canada)
VANCOUVER, Dec. 15, 2011 /CNW/ - Shareholders of Anooraq Resources
Corporation ("Anooraq" or the "Company") (JSE: ARQ) are referred to
the cautionary announcements dated 13 May 2011, 28 June 2011, 10
August 2011, 21 September 2011 and 02 November 2011 respectively,
relating to the negotiations between Anooraq and Anglo American
Platinum Limited (the "Parties") in respect of a potential
restructuring, recapitalization and refinancing transaction between
them ("the Bokoni Group transaction"). The Parties have made
substantial progress in settling the terms of the Bokoni Group
transaction and are currently seeking the requisite corporate and
regulatory approvals required to proceed with the transaction
process. Once the necessary approvals have been obtained a detailed
announcement will be made regarding the Bokoni Group transaction.
As the Bokoni Group transaction process remains ongoing,
shareholders are advised to continue to exercise caution when
dealing in their Anooraq securities until a further announcement is
made. Johannesburg 15 December 2011 Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. The
NYSE Amex has neither approved nor disapproved the contents of this
press release. Cautionary and forward-looking information This
document contains "forward-looking statements" that were based on
Anooraq's expectations, estimates and projections as of the dates
as of which those statements were made, including statements
relating to the Bokoni Group transaction and anticipated financial
or operational performance. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "may", "will", "outlook", "anticipate",
"project", "target", "believe", "estimate", "expect", "intend",
"should" and similar expressions. Anooraq believes that such
forward-looking statements are based on material factors and
reasonable assumptions, including the following assumptions: that
the Bokini Group transaction will receive the necessary regulatory
approvals and complete in a timely manner. Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the Company's actual results,
level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. These include but are not limited to uncertainties
related to the completion of the Bokoni Group restructure and
refinancing in a timely manner, if at all; and risk that the
necessary regulatory and other approvals for the Bokini Group
transaction will not be received in a timing manner. For further
information on Anooraq, investors should review the Company's
annual Form 40-F filing with the United States Securities and
Exchange Commission www.sec.gov and annual information form for the
year ended December 31, 2010 and other disclosure documents that
are available on SEDAR at www.sedar.com. Anooraq Resources
Corporation CONTACT: On behalf of AnooraqJoel KeslerExecutive:
Corporate DevelopmentOffice: +27 11 779 6800Mobile: +27 82 454
5556Russell and AssociatesNicola Taylor/Cassidy ParkerOffice: +27
11 880 3924Mobile: +27 82 927 8957/ +27 72 347 2342Macquarie First
South CapitalAnnerie Britz/ Yvette Labuschagne/ Melanie de
NysschenOffice: +27 11 583 2000
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