Invitation to submit an expression of curiosity (“EOI”) to probably purchase the belongings of or some or all the shares in Black Chrome Mine Proprietary Restricted (Registration Quantity: 1998/010730/07) (In Enterprise Rescue) (“BCM”) beneath an accelerated disposal course of.
BCM is an opencast and underground mining operation at present on care and upkeep and comprises two predominate chromite reefs referred to as the LG6 and LG6A situated within the Limpopo Province of South Africa on the farm Mooihoek 225KT, 100 km south-east of Polokwane, within the Jap Limb of the Bushveld Complicated. Previous to the mine being placed on care and upkeep on the 4th of July 2021, it was producing c.80kt of ROM chrome ore per 30 days The enterprise rescue practitioner of BCM, Mr. Phahlani Mkhombo (“the BRP”), hereby invitations potential buyers (“Traders”) to submit written EOIs to accumulate the enterprise or to accumulate all or a few of the shares in BCM both by buy or subscription.
Traders are referred to https//:www.blackcr.com (“Hyperlink”). The Hyperlink will open on or by 17h00, 19 September 2022. The standards and necessities for the submission of an EOI and an summary of the proposed disposal course of (and the rights reserved by the BRP to amend or cancel the method at his sole discretion), together with timelines can be found there. EOIs ought to be submitted earlier than 17h00 23 September 2022. Late EOI submissions could also be accepted on the BRP’s discretion. Nonetheless, Traders’ consideration is drawn to 11 October 2022 which is the due date for submission of indicative affords.
No correspondence (verbal or written) will likely be entered into between any potential Investor and the BRP and BCM or any of its guardian corporations or its workers, administrators, shareholders or advisers till a possible Investor has submitted an EOI that meets the necessities and standards as offered for within the Hyperlink. Any such actions could disqualify a possible Investor from collaborating within the course of. Potential Traders will likely be required to pay a refundable deposit previous to its EOI being evaluated.
