Shareholders are referred to the Cautionary Statement published on 1 October 2019 advising that the ultimate holding company of BNC, Asa Resource Group Plc (currently under Administration), has entered into a Sale and Purchase Agreement (“SPA”) with a third party in relation to the 74.73% shareholding in BNC. The third party is a Zimbabwean based mining entity with interests in the mining and production of ferrous metals, non-ferrous metals and precious metals.

Shareholders are hereby informed that the transaction involving the sale of 74.73% of BNC’s issued shares to the above-mentioned third party has been successfully concluded. The transaction may have a material effect on the price of the Company’s securities. Accordingly, Shareholders are advised to continue exercising caution when dealing in the Company’s securities until a full announcement is made in due course.

By order of the Board
Bindura Nickel Corporation Limited
M A Masunda
Board Chairman