Aquarius Platinum Completion of asset sale Kruidfontein prospecting right
December 01 2014 - 7:47AM
UK Regulatory
TIDMAQP
AQUARIUS PLATINUM LIMITED
ASX, LSE & JSE
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: info@aquariusplatinum.com
Telephone: +61 8 9367 5211
END
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