JOHANNESBURG, Sept. 18, 2019 /CNW/ - Atlatsa Resources
Corporation ("Atlatsa" or the "Company") (TSX:
ATL; JSE: ATL) shareholders ("Shareholders") are
referred to the notice of special meeting and management
information circular to Shareholders dated July 4, 2019 ("Circular"), wherein
Shareholders were advised of, inter alia, the Composite
Transaction (as defined in the Circular) to be implemented by way
of a Canadian court‑approved plan of arrangement under section 288
of the Business Corporations Act (British Columbia) (the "Arrangement").
Shareholders are also referred to the announcement on August 27, 2019 advising Shareholders that the
Composite Transaction had become wholly effective and
unconditional.
Unless otherwise defined, capitalised words and terms contained
in this announcement shall bear the meanings ascribed thereto in
the Circular.
The Company hereby announces that payment of the Share Cash-Out
Consideration was made beginning on September 16, 2019 to Shareholders whose Letter
of Transmittal or Form of Surrender, as applicable, were received
by the Depositary prior to such date.
In addition, the Common Shares were delisted from the Toronto
Stock Exchange and the Johannesburg Stock Exchange on September 17, 2019. As previously disclosed, the
Company also intends to apply to the applicable securities
commissions for it to cease to be a reporting issuer in each of the
provinces of Canada in which it is
currently a reporting issuer.
For further information please contact
Joel Kesler
Chief Commercial Officer
Office: +27 10 286 1166
Email: Joel@atlatsa.com
Corporate Advisor,
transaction and JSE Sponsor to Atlatsa:
|
One
Capital
|
South African
attorneys to Atlatsa:
|
Cliffe Dekker Hofmeyr
Inc.
|
Canadian legal
counsel to Atlatsa:
|
Stikeman Elliott
LLP
|
U.S. legal counsel
to Atlatsa:
|
Skadden, Arps, Slate,
Meagher & Flom LLP
|
Independent
Financial Advisor to the Special Committee:
|
Duff & Phelps
Canada Limited
|
Cautionary note regarding forward-looking
information
This document contains "forward-looking statements" within the
meaning of the applicable Canadian securities laws, that are based
on Atlatsa's expectations, estimates and projections as of the
dates as of which those statements are made, including statements
relating to the Arrangement, the receipt of necessary approvals,
including applicable regulatory and other third-party
approvals and consents. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology and can be identified by words such as "anticipate",
"expect", "intend", "believe", "will", "could", "may", or their
negatives or other comparable words.
Such forward-looking statements and forward-looking information
are based, in part, on factors and assumptions that may change,
thus causing actual results to differ from those expressed by the
forward-looking statements or forward-looking information. Such
forward-looking statements and forward-looking
information involve known and unknown risks, uncertainties and
other factors that may cause Atlatsa's actual results, performance
or achievements to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements or forward-looking
information.
Atlatsa advises Shareholders that these cautionary remarks
expressly qualify in their entirety all forward-looking statements
and forward-looking information attributable to Atlatsa or persons
acting on its behalf. Atlatsa assumes no obligation to update
any forward-looking statements or forward-looking
information to reflect actual results, changes in assumptions
or changes in other factors affecting such statements or
information, except as required by law. Shareholders should
carefully review the cautionary notes and risk factors contained in
this document and other documents that Atlatsa files from time to
time with, or furnishes to, the Canadian securities
regulators and which are also available under the Company's
profile on SEDAR at www.sedar.com.
SOURCE Atlatsa Resources Corporation