 |
 |
 |
 |
LAST UPDATE: 27 NOVEMBER 2009
 |
MEDIA CENTRE
Press releases
Standard Chartered Bank Completes Anooraq Debt Syndication
12-01-2010
Anooraq Resources Corporation (“Anooraq” or the “Company”) (TSXV: ARQ; NYSE AMEX: ANO; JSE: ARQ) is pleased to announce that Standard Chartered Bank (“SCB”) has successfully completed its Anooraq senior debt syndication process.
Rand Merchant Bank (“RMB”), a division of FirstRand Bank Limited, has acquired 34% of Standard Chartered Bank’s ZAR 750 million (CAD$ 105 million) senior debt in Anooraq’s South African subsidiary, Plateau Resources (Pty) Ltd. SCB continues to hold 66% of the total senior debt package in an amount of R495 million (CAD$ 69 million).
Philip Kotze, CEO of Anooraq, said, “RMB coming on board in the senior debt syndicate demonstrates a market vote of confidence in our projects and our capabilities. We welcome RMB’s participation as a key stakeholder in Anooraq going forward.”
For further information, please visit our website www.anooraqresources.com, call investor services in South Africa at +27 11 883 0831 or in North America at 1 800 667 2114 or use the contacts referenced below.
Queries:
Joel Kesler
Executive: Corporate and Business Development
Office: +27 11 779 6800
Mobile: +27 82 454 5556
Macquarie First South Advisors
Melanie de Nysschen / Thembeka Mgoduso
Office: +27 11 583 2000
Mobile: +27 82 465 8969 / +27 83 295 1204
Russell and Associates
Charmane Russell / Nicola Taylor
Office: +27 11 880 3924
Mobile: +27 82 372 5816 / +27 82 927 8957
