Shareholders are referred to the Cautionary Statement published on 29 October 2019 advising that the ultimate holding company of BNC – Asa (currently under Administration) and a third party had entered into a Sale and Purchase Agreement (“SPA”) in relation to the 74.73% shareholding held in BNC by Asa and that the transaction involving the sale of these shares to the above-mentioned third party had been successfully concluded.

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.

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
28 November 2019