Hasty Shelf Trade and Invest 17 (Proprietary) Limited agreed to acquire 49% stake in Ezimbokodweni Mining (Pty) Ltd. from Bisichi Mining plc (LSE:BISI) for ZAR 54.2 million in cash on January 26, 2012. The consideration of ZAR 54.2 million consists of payment of ZAR 12.4 for repayment of intercompany loans. The transaction is subject to approvals from South African Reserve Bank and Exchange Control and ministerial consent from the South African Department of Mineral Resources in relation to the transfer of the prospecting right of mineral Area 2 of the farm Geluk 276 and the surface rights in relation to portion 2 of the farm Geluk 276 to Ezimbokodweni and approval from the shareholders of Bisichi Mining plc in a general meeting to be held no later than April 7, 2012. The deadline for meeting the conditions precedent of the agreement has been extended to May 15, 2012. The proceeds of the transaction will be used for further development of Bisichi Mining.

Hasty Shelf Trade and Invest 17 (Proprietary) Limited cancelled the acquisition of 49% stake in Ezimbokodweni Mining (Pty) Ltd. from Bisichi Mining plc (LSE:BISI) on January 26, 2013.