9th Jun 2005 07:01
Lonmin PLC09 June 2005 SA Competition Tribunal clears Lonmin offer for Southern Platinum Toronto, Ontario - June 8, 2005 - Lonmin Investments Canada Inc. ("Lonmin"), awholly owned subsidiary of Lonmin Plc (LSE:LMI), announces today that the SouthAfrican Competition Tribunal has cleared its offer dated April 14, 2005 (the"Offer") to purchase all of the issued and outstanding common shares (the"Shares") in the capital of Southern Platinum Corp. ("SPC") (TSX:SPC) at a priceof C$2.66 in cash per Share. The Offer remains subject to certain other conditions as set out in Section 4 ofthe Offer "Conditions of the Offer". Lonmin and SPC continue to work to satisfythe remaining conditions to the Offer that have not been fully satisfied todate. The Offer is open for acceptances until 5:00 p.m. (Toronto time) on June 10,2005. However, Lonmin reserves the right to withdraw, amend or extend the Offeras permitted by applicable law. ******************************* This press release includes forward-looking statements. All statements otherthan statements of historical fact included in this press release, and allstatements regarding plans, objectives and expected performance, areforward-looking statements. These forward-looking statements have been based oncurrent expectations and projections about future events, including numerousassumptions. Forward-looking statements generally can be identified by the useof forward-looking terminology such as "ambition", "may", "will", "expect","intend", "estimate", "anticipate", "believe", "plan", "seek" or "continue" ornegative forms or variations of similar terminology. Such forward-lookingstatements involve known and unknown risks, uncertainties, assumptions and otherfactors related to Lonmin Plc, Lonmin and Southern Platinum Corp. Forward-looking statements involve risks, uncertainties and assumptions. Actualresults may differ materially from those expressed in forward-lookingstatements. Given these risks, uncertainties and assumptions, you are cautionednot to put undue reliance on any forward-looking statements. In addition, theinclusion of such forward-looking statements should under no circumstances beregarded as a representation by Lonmin Plc or Lonmin that either will achieveany results set out in such statements or that the underlying assumptions usedwill in fact be the case. For Further Information:Lonmin Plc:Ian Farmer, Chief Strategic Officer - +44 (0)20 7201 6004Albert Jamieson, Vice President, Business Development - +27 11 516 1323Jack Jones, Vice President, Business Development - +44 (0)20 7201 6007 Southern Platinum Corp:Chris Reynolds, Corporate Secretary - +1 416 359 7800 Media Enquiries: United Kingdom:Nadja Vetter, Anthony Cardew - Cardew Group - +44 (0)20 7930 0777 South Africa:Nicholas Williams, Johannes van Niekerk - College Hill - +27 11 447 3030 Canada:John Lute - Lute & Company - +1 416 929 5883 ext 222 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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