Deal Detail

Mvelaphanda Resources (MR) /Afripalm

Afripalm will inject R1,2 billion into MR in consideration for new MR shares which will constitute 19.3% of (MR™) entire issued shares. Afripalm also has an option to subscribe for additional MR shares after 1 July 2010 at an aggregate price of R34,3 million plus interest if the option is exercised in full.

Lawyers Involved:

Assisted By:

Andrew Johnson (Candidate Attorney)



In association with Bowman Gilfillan Africa GroupMember of Lex MundiMember of Employment Law Alliance