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Wescoal meets outstanding condition on prospecting right buy-out

13th February 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – The outstanding condition precedent on JSE-listed Wescoal’s acquisition of Catwalk Investments’ Sarie Marais prospecting right, in Mpumalanga, has been fulfilled.

The R4.6-million acquisition, which was expected to bolster the life of Wescoal’s Khanyisa Phase 2 operations, had now become unconditional in all respects, the company announced on Friday.

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Edited by Creamer Media Reporter

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