Update: Conditional Purchase Agreement with Evraz

RNS Number : 6476B

Bushveld Minerals Limited

20 June 2016

 

20 June 2016

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Update on Conditional Purchase Agreement with Evraz for Vametco

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, today provides an update further to the announcements on 9 May 2016 and 3 June 2016 regarding the acquisition of Strategic Minerals Corporation ("SMC"), which owns the producing Vametco vanadium mine and plant in South Africa. Bushveld and Evraz Group SA have agreed that completion of the initial tranche shall be delayed and now expect completion to take place on or before 15 July 2016.

Further updates will be provided as appropriate.

Enquiries: [e-mail]

Bushveld Minerals Fortune Mojapelo	[phone]
Strand Hanson Andrew Emmott / Ritchie Balmer	[phone]
Mirabaud Securities Rory Scott	[phone]
Beaufort Securities Limited Jon Belliss	[phone]
Tavistock (UK) Jos Simson/ Nuala Gallagher	[phone]
‎Lifa Communications (South Africa) Gabriella von Ille	[phone]

- ENDS -

Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore, tin and coal assets in Southern Africa and Madagascar.

The Group owns the Bushveld Vanadium Project, Mokopane Vanadium Project, Bushveld Iron Ore Project and Mokopane Tin Project, located on the northern limb of the Bushveld Complex, South Africa. Bushveld also owns the Imaloto coal project in Madagascar, acquired in September, 2015, through its takeover of Lemur Resources.

Bushveld was admitted to the AIM of the London Stock Exchange in March 2012.

 

END

 

 

MSCEAKKEAFDKEEF