BAUBA RESOURCES LIMITED - General Issue of Shares for Cash: Further Extension of Fulfilment Date

General Issue of Shares for Cash: Further Extension of Fulfilment Date

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU    ISIN: ZAE000145686
(“Bauba” or “the Company”)


GENERAL ISSUE OF SHARES FOR CASH: FURTHER EXTENSION OF FULFILMENT DATE


Shareholders are referred to the announcement released on SENS on 11 March 2021 (and using the terms
defined therein unless otherwise stated) wherein it was advised that the Company had entered into a
Subscription Agreement with Raubex Proprietary Limited (collectively, “the Parties”) in terms of which Raubex
will subscribe for 147 811 073 ordinary shares of the Company.

Shareholders are further referred to the announcement released on SENS on 23 March 2021. The issue of
the Subscription Shares is subject to the fulfilment or waiver, as the case may be, of various conditions
precedent as set out in the Subscription Agreement, including inter alia, the satisfactory completion of a due
diligence process of the Company by the Subscriber (“Due Diligence Process”) by no later than the extended
Fulfilment Date of 25 March 2021.

Bauba shareholders are advised that the Due Diligence Process is taking longer than expected, and
consequently both the Parties have agreed in writing to a further extension of the Fulfilment Date to
31 March 2021.


Johannesburg
29 March 2021

Sponsor
Merchantec Capital

Date: 29-03-2021 12:25:00
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