VANCOUVER,
April 25, 2012 /PRNewswire/ - Anooraq
Resources Corporation ("Anooraq" or the "Company") (TSXV: ARQ; NYSE
Amex: ANO; JSE: ARQ) announces that it is proceeding with the
implementation of its name change as previously approved by
shareholders, from Anooraq Resources Corporation to Atlatsa
Resources Corporation (the "Change of Name").
Anooraq is pleased to advise that the TSX
Venture Exchange ("TSX-V") has accepted Anooraq's application in
respect of the Change of Name and authorized Anooraq to proceed
with implementation of the Change of Name.
The rationale for the Change of Name is to
reflect the South African focus of the Company following the
acquisition of Bokoni Platinum Mine concluded in July 2009. 'Atlatsa' is an African word meaning
'to make prosperous'.
The Change of Name will be legally effective
upon the filing of the notice of alteration with British Columbia
Corporate Registry. Accordingly, a further announcement will
be made as soon as filing has taken place, setting out the
finalisation information.
Salient dates and times for the
Implementation of Change of Name
The salient dates and times for the
implementation of the Change of Name are set out below.
| |
2012 |
| File notice of amendment of the
articles of incorporation of the Company to effect the Change of
Name with British Columbia Corporate Registry |
Tuesday, 24
April |
| Certificate of amendment registered
by British Columbia Corporate Registry |
Tuesday, 24
April |
| Declaration information released on
SENS (and filed with the Canadian Securities Administrators' System
for Electronic Document Analysis and Retrieval ("Sedar")) |
Wednesday, 25
April |
| Declaration information published in
the South African press |
Thursday,26
April |
| Finalisation data released on SENS
and filed with the Canadian Securities Administrators' System
Sedar |
Wednesday, 2 May |
| Finalisation information published in
the South African press |
Thursday, 3 May |
| Last day to trade under the old name
'Anooraq Resources Corporation' on the JSE, TSX-V and the NYSE Amex
("Amex") |
Friday, 11 May |
| Trading under the new name 'Atlatsa
Resources Corporation' commences on the JSE, TSX-V and Amex under
the symbol 'ATL', abbreviated name 'ATLATSA', and new
ISIN:CA0494771029 from the commencement of trading on |
Monday, 14 May |
| JSE record date for the Change of
Name |
Friday, 18 May |
| New share certificates reflecting the
Change of Name posted by registered post, to South African
certificated shareholders who have surrendered their documents of
title on or before 12:00 Central African time ("CAT") on the record
date (see note iii below) on or about |
Monday, 21 May |
| Dematerialised South African
Shareholders' accounts updated with the new name by their Central
Securities Depository Participant or broker on |
Monday, 21 May |
| |
|
Notes:
- The dates and times indicated in the table above are subject to
change. Any such changes will be disseminated by news release and
released on SENS, filed with Sedar and published in the South
African press.
- South African Shareholders will not be able to dematerialise or
rematerialise securities in the name of Anooraq after Friday,
11 May 2012, and may only
dematerialise their new certificates in the name of Atlatsa
Resources Corporation from Monday, 21 May
2012.
- Shareholders, other than South African certificated
Shareholders, are not required to surrender their existing share
certificates or take any other actions with respect to the Change
of Name. South African certificated Shareholders who
surrender their existing documents of title after 12:00 CAT on the
record date will have their new share certificates mailed within
five business days of receipt thereof by the South African transfer
secretaries of the Company, being Computershare Investor Services
(Pty) Limited, situated at ground floor, 70 Marshall Street,
Johannesburg, 2001, by registered
post, at the risk of the shareholders concerned.
The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release. The
NYSE Amex has neither approved nor disapproved the contents of this
press release.
This release includes certain statements that
may be deemed "forward looking statements". All statements in this
release, other than statements of historical facts, that address
the Change of Name and events or developments that Anooraq expects
are forward looking statements. Anooraq believes that such forward
looking statements are based on reasonable assumptions, including
assumptions that Anooraq will be able to engage a new chief
financial officer within a reasonable period of time. Forward
looking statements, however, are not guarantees of future
performance and actual results or developments may differ
materially from those in forward looking statements. Factors that
could cause actual results to differ materially from those in
forward looking statements include delays in regulatory approval
timing and other procedural matters relating to the Change of Name.
Investors are cautioned that any such statements are not guarantees
of future performance and those actual results or developments may
differ materially from those projected in the forward looking
statements. For further information on Anooraq, investors should
review the Company's annual report on Form 20-F filing with the
United States Securities and Exchange Commission at www.sec.gov and
available, together with the Company's other disclosure documents,
at www.sedar.com.
SOURCE Anooraq Resources Corporation
