JOHANNESBURG, South
Africa, May 3, 2012
/PRNewswire/ - Anooraq Resources Corporation ("Anooraq" or the
"Company") (TSXV: ARQ; NYSE Amex: ANO; JSE: ARQ) reports on the
announcement released on 2 February
2012, relating to the agreement of the key terms in respect
of a transaction to restructure, recapitalise and refinance Anooraq
and the Bokoni group of companies ("Bokoni group") (the
"Transaction"), by the boards of directors of Anglo American
Platinum Limited, a 79% held subsidiary of Anglo American plc, and Anooraq.
Shareholders are advised that the financial
effects of the Transaction are still being determined and may have
a material effect on the price of Anooraq securities. Accordingly,
Anooraq shareholders are advised to continue exercising caution
when dealing in Anooraq securities until a further announcement is
made.
A further announcement will be released on the
Securities Exchange News Service of the Johannesburg Stock
Exchange, as well as filed on SEDAR and EDGAR, and published in the
South African press as soon as the definitive agreements have been
signed and the financial effects have been finalised.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. The NYSE Amex has neither
approved nor disapproved the contents of this press release.
SOURCE Anooraq Resources Corporation
