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WESIZWE CONCLUDES FINANCING TRANSACTION WITH JNMC AND THE CADFUND
17 December 2010
Johannesburg, 17 December 2010 Wesizwe Platinum is pleased to announce that a total financing solution for the development of the Frischgewaagd-Ledig Project has been concluded with the signing of the transaction agreements between Wesizwe Platinum, Jinchuan Group Limited (“JNMC”), China Africa Development Fund (“CADFund”) and Micawber 809 (Pty) Limited (“Micawber”).
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RENEWAL OF CAUTIONARY ANNOUNCEMENT.
5 November 2010
Johannesburg, 5 November 2010: Further to the detailed cautionary announcement dated 24 May 2010 and the renewal of cautionary announcement dated 6 July 2010, 17 August 2010 and 29 September 2010, shareholders are advised that negotiations on the formal definitive transaction documents are still progressing and that a final terms announcement including the pro forma financial effects is expected to be published once these agreements have been concluded.
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WESIZWE PLATINUM LIMITED: RESULTS AND COMMENTARY FOR THE SIX MONTHS ENDED 30 JUNE 2010
28 September 2010
Johannesburg, 28 September 2010: Wesizwe Platinum Limited (“Wesizwe” or “the Company”) has today announced the release of its interim results for the six months ended 30 June 2010. The results show a positive comprehensive income of R334.8 million, compared with a R14.9 million loss, reported in June 2009, but continue to show a headline loss consistent with the Company’s developmental position.
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TRADING STATEMENT
23 September 2010
Johannesburg, 23 September 2010: In line with JSE disclosure requirements, shareholders are advised that the Company expects to report basic earnings per share attributable to ordinary shareholders for the six months ended 30 June 2010 of between 49 cents and 51 cents per share compared to a basic loss per share of 2.55 cents for the previous comparable period.
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CHANGES TO THE BOARD AND COMPANY SECRETARY
20 September 2010
Johannesburg, 20 September 2010: Shareholders are advised that Mr Goleele Mosinyi resigned as a Non-Executive Director of the Company with effect from 17 September 2010 due to other business commitments and time constraints.
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CHANGES TO THE BOARD
8 September 2010
Johannesburg, 8 September 2010: Following the announcement on 27 August 2010 confirming the resignation of Mr Mike Rogers, Rustenburg Platinum Mines ("RPM"), has nominated Barrie van der Merwe to act as the representative of RPM on the Board of Directors of Wesizwe ("the Board").
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RESIGNATION OF COMPANY SECRETARY
2 September 2010
Johannesburg, 2 September 2010: Shareholders are advised that Routledge Modise Inc practising as Eversheds ("Eversheds"), has given notice that it will be closing its Corporate Governance department.
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CHANGES TO THE BOARD
27 August 2010
Johannesburg, 27 August 2010: Shareholders are advised that Mr Mike Rogers has resigned as Non-Executive Director of the Company with effect from 25 August 2010.
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INTERIM FUNDING RECEIVED
23 August 2010
Johannesburg, 23 August 2010: Wesizwe is pleased to announce that an Interim Funding Facility ("the Facility") of R91 million was signed with the Bank of China Johannesburg Branch on 20 August 2010.
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ADJOURNMENT OF AGM
19 August 2010
Johannesburg, 19 August 2010: Shareholders are advised that the Wesizwe AGM scheduled for this morning at 10h00 was adjourned in terms of a court order from the South Gauteng High Court, Johannesburg.
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RENEWAL OF CAUTIONARY ANNOUNCEMENT
17 August 2010
Johannesburg, 17 August 2010: Further to the detailed cautionary announcement dated 24 May 2010 and the renewal of cautionary announcement dated 6 July 2010, shareholders are advised that negotiations on the formal definitive transaction documents are still progressing and that a final terms announcement including the pro forma financial effects is expected to be published once these agreements have been concluded.
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INVESTIGATION COMPLETED INTO ALLEGED CORPORATE GOVERNANCE ISSUES AT WESIZWE
4 August 2010
Johannesburg, 4 August 2010: Wesizwe Platinum Limited ("Wesizwe" or "the Company") today announced that its Board of Directors has accepted the final report from independent auditors, Deloitte & Touche, and the legal firm, Deneys Reitz Attorneys ("the Deloitte and Deneys Reitz reviews") following an investigation into allegations of corporate governance misdemeanours at the Company.
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WESIZWE CEO DECIDES NOT TO RENEW CONTRACT
4 August 2010
Johannesburg, 4 August 2010: The Board of Directors of Wesizwe Platinum Limited (`Wesizwe Platinum` or `the Company`) has notified its shareholders, with regret, that the Company`s Chief Executive Officer, Mike Solomon, has decided not to renew his contract for a further term.
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NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
29 July 2010
Johannesburg, 29 July 2010: Shareholders are advised that the company`s annual financial statements for the year ended 31 December 2009 were posted to shareholders on 16 April 2010 and contain no modifications to the audited results which were published on 31 March 2010.
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NOTICE TO SHAREHOLDERS: ERRATUM
21 July 2010
Johannesburg, 21 July 2010: Shareholders are hereby requested to take note of an error in the Notice of Annual General Meeting, dated 19 March 2010 ("the Notice of AGM").
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RENEWAL OF CAUTIONARY ANNOUNCEMENT
06 July 2010
Johannesburg, 06 July 2010: Further to the detailed cautionary announcement dated 24 May 2010, shareholders are advised that negotiations on the formal definitive transaction documents are progressing and a final terms announcement including the pro forma financial effects is expected to be published once these agreements have been concluded.
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WESIZWE PLATINUM SIGNS TERM SHEET TO SECURE A US$877 MILLION (R6,6 BILLION) FINANCIAL PACKAGE
24 May 2010
Johannesburg, 24 May 2010: Wesizwe Platinum Limited (“Wesizwe Platinum” or “the Company”) is pleased to announce that it has signed a term sheet with a Chinese consortium, consisting of Jinchuan Group Limited (“JNMC”) and the China- Africa Development Fund (“CADFund”), to provide Wesizwe Platinum with a total financing solution for the development of its Frischgewaagd-Ledig project.
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Resignation of a director.
14 May 2010
Johannesburg, 14 May 2010: In accordance with Section 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that Advocate K D Moroka has tendered her resignation as a director from the Board of Wesizwe with effect from 14 May 2010, due to her other business commitments and a potential conflict of interests that may arise in future.
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WESIZWE PLATINUM GRANTED DMR APPROVAL
22 April 2010
Johannesburg, 22 April 2010: Wesizwe Platinum Limited is pleased to announce that the Department of Mineral Resources has granted the Company all the requisite approvals and consents to conclude its acquisition of a 37% interest in the Western Bushveld Joint Venture (“WBJV”) from Rustenburg Platinum Mines Limited (“RPM”), as well as the concurrent transaction with Platinum Group Metals Limited (“PTM”).
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PROTEST MARCH BY SOME MEMBERS OF THE BAKUBUNG BA-RATHEO COMMUNITY TO THE OFFICES OF WESIZWE PLATINUM LIMITED
19 April 2010
Johannesburg, 19 April 2010: Some members of the Bakubung Ba-Ratheo Community marched on Wesizwe Platinum’s offices in Melrose Arch, Johannesburg, at 15:00 today to present a Memorandum to Company management.
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AUDIT REPORT.
1 April 2010
Johannesburg, 1 April 2010: The KPMG Inc. Audit Report for Wesizwe’s Annual Financial Statements, for the period ending 31 December 2009, was delivered to the JSE and posted to the Company’s Shareholders on 31 March 2009.
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WESZIWE ANNOUNCES RESULTS FOR YEAR ENDED 31 DECEMBER 2009 AND REPORTS INTERIM FINDINGS PERTAINING TO CORPORATE GOVERNANCE ISSUES
31 March 2010
Johannesburg, 31 March 2010: In reporting its annual financial statements for the year ended 31 December 2009, Wesizwe Platinum Limited (“Wesizwe” or “the Company”) has announced that the Board of Directors has been presented with an interim report, which is available for perusal, from independent audit and financial services company, Deloitte South Africa, and the corporate and commercial law firm, Deneys Reitz Attorneys (“the Deloitte and Deneys Reitz reviews”) following an investigation into allegations of corporate governance misdemeanours at the Company.
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TRADING UPDATE.
19 March 2010
Johannesburg, 19 March 2010: In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on will vary more than 20% from that of the previous corresponding period.
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RENEWAL OF CAUTIONARY ANNOUNCEMENT.
8 March 2010
Johannesburg, 8 March 2010: Shareholders are referred to Wesizwe’s cautionary announcement dated 27 October 2009 and the renewal of cautionary announcements dated 8 December 2009 and 22 January 2010, and are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the Company’s securities.
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CHANGES TO THE BOARD.
2 March 2010
Johannesburg, 2 March 2010: In accordance with the requirements of paragraph 3.59 of the JSE Listings Requirements, the shareholders of the Company are advised that:
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The Chairman of Wesizwe Platinum Limited, Ms Dawn Mokhobo, on behalf of the Board of Directors, has today posted a letter to shareholders` that provides an update on certain actions being initiated within the Company.
18 February 2010
Johannesburg, 18 February 2010: On behalf of the Board of Directors, and as the incoming Chairman of Wesizwe Platinum Limited (Wesizwe or the Company), I would like to update you on certain activities within Wesizwe and address some of the key issues facing the Company as we move forward into 2010.
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RENEWAL OF CAUTIONARY ANNOUNCEMENT.
22 January 2010
Johannesburg, 22 January 2010: Shareholders are referred to Wesizwe’s previous cautionary announcement dated 27 October 2009 and the renewal of cautionary announcement dated 8 December 2009, and are advised that negotiations are still in progress, which if successfully concluded may have a material effect on the price of the company’s securities.
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WESIZWE PLATINUM LIMITED CONFIRMS THE APPOINTMENT OF ITS NEW CHAIRMAN AND BOARD OF DIRECTORS
12 January 2010
Johannesburg, 12 January 2010: Following the meeting of the Board of Directors of Wesizwe Platinum Limited (Wesizwe) on 11 January 2010, it has been announced that Ms. Dawn Mokhobo has been appointed as the Chairman of Wesizwe with immediate effect. It was also confirmed that Mr. Michael Solomon will continue in his role as Chief Executive Officer.
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Data supplied by McGregor BFA