[miningmx.com] — DIAMOND producer Trans Hex said on Monday it was still busy tying up some aspects of its proposed acquisition of De Beers’ Namaqualand mines.
The group announced in May 2011 it would by Namaqualand for R225m through a joint venture company in which it holds a 50% stake.
“Shareholders are advised that Trans Hex is currently finalising certain aspects
of the proposed transaction and therefore shareholders should continue to
exercise caution when dealing in the company`s securities until a full terms
announcement is made,” read a statement.
