VANCOUVER,
Dec. 15, 2011 /PRNewswire/ -
Shareholders of Anooraq Resources Corporation ("Anooraq" or the
"Company") (TSXV: ARQ) (NYSE Amex: ANO) (JSE: ARQ) are referred to
the cautionary announcements dated 13 May
2011, 28 June 2011,
10 August 2011, 21 September 2011 and 02
November 2011 respectively, relating to the negotiations
between Anooraq and Anglo American Platinum Limited (the "Parties")
in respect of a potential restructuring, recapitalization and
refinancing transaction between them ("the Bokoni Group
transaction").
The Parties have made substantial progress in
settling the terms of the Bokoni Group transaction and are
currently seeking the requisite corporate and regulatory approvals
required to proceed with the transaction process. Once the
necessary approvals have been obtained a detailed announcement will
be made regarding the Bokoni Group transaction.
As the Bokoni Group transaction process remains
ongoing, shareholders are advised to continue to exercise caution
when dealing in their Anooraq securities until a further
announcement is made.
Johannesburg
15 December 2011
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. The NYSE Amex has neither
approved nor disapproved the contents of this press release.
Cautionary and forward-looking
information
This document contains "forward-looking statements" that were based
on Anooraq's expectations, estimates and projections as of the
dates as of which those statements were made, including statements
relating to the Bokoni Group transaction and anticipated financial
or operational performance. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "may", "will", "outlook", "anticipate",
"project", "target", "believe", "estimate", "expect", "intend",
"should" and similar expressions.
Anooraq believes that such forward-looking
statements are based on material factors and reasonable
assumptions, including the following assumptions: that the Bokini
Group transaction will receive the necessary regulatory approvals
and complete in a timely manner.
Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that may cause
the Company's actual results, level of activity, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. These include but are
not limited to uncertainties related to the completion of the
Bokoni Group restructure and refinancing in a timely manner, if at
all; and risk that the necessary regulatory and other approvals for
the Bokini Group transaction will not be received in a timing
manner.
For further information on Anooraq, investors
should review the Company's annual Form 40-F filing with the United
States Securities and Exchange Commission www.sec.gov and annual
information form for the year ended December
31, 2010 and other disclosure documents that are available
on SEDAR at www.sedar.com.
SOURCE Anooraq Resources Corporation