JOHANNESBURG, South Africa, May 3, 2012 /CNW/ - Anooraq Resources
Corporation ("Anooraq" or the "Company") (TSXV: ARQ; NYSE Amex: ANO;
JSE: ARQ) reports on the announcement released on 2 February 2012,
relating to the agreement of the key terms in respect of a transaction
to restructure, recapitalise and refinance Anooraq and the Bokoni group
of companies ("Bokoni group") (the "Transaction"), by the boards of
directors of Anglo American Platinum Limited, a 79% held subsidiary of
Anglo American plc, and Anooraq.
Shareholders are advised that the financial effects of the Transaction
are still being determined and may have a material effect on the price
of Anooraq securities. Accordingly, Anooraq shareholders are advised to
continue exercising caution when dealing in Anooraq securities until a
further announcement is made.
A further announcement will be released on the Securities Exchange News
Service of the Johannesburg Stock Exchange, as well as filed on SEDAR
and EDGAR, and published in the South African press as soon as the
definitive agreements have been signed and the financial effects have
been finalised.
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.
<p> <b>Contact information:</b> </p> <p> Anooraq Resources Corporation<br/> Joel Kesler<br/> Executive: Corporate Development<br/> Office: +27 11 779 6800<br/> Mobile: +27 82 454 5556<br/> <br/> Russell and Associates<br/> Nicola Taylor<br/> Office: +27 11 880 3924<br/> Mobile: +27 82 927 8957<br/> <br/> Macquarie First South Capital<br/> Annerie Britz/ Yvette Labuschagne/ Melanie de Nysschen<br/> Office: +27 11 583 2000 </p>