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Article: Lebowa Acquisition Becomes Effective.
- Article from:
- Mining & Minerals
- Article date:
- July 17, 2009
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Anglo Platinum Limited ("Anglo Platinum") and Anooraq Resources Corporation ("Anooraq") (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) announces that all of the conditions precedent to the acquisition by Anooraq of an effective 51% interest in the Lebowa Platinum Mine from Anglo Platinum have been fulfilled.
The transaction has accordingly been implemented in accordance with the terms and conditions of the agreements entered into between, among others, Anooraq and Anglo Platinum and became effective from July 1, 2009.
Philip Kotze, the President and Chief Executive Officer of Anooraq, commented "We are delighted that this transaction has been concluded. We view ...