Trustco shareholders (“Shareholders”) are referred to the announcement published on SENS on 4 August 2022 relating to the Term Sheet in terms wherein Trustco Resources (Mauritius) (“Trustco Resources”) a 100% owned subsidiary of Trustco Resources (Proprietary) Limited and Meya a 65% owned subsidiary of Trustco Resources, Germinate (SL) Limited (“Germinate”) a 35% shareholder of Meya and SJSL (“the Parties”) entered into a term sheet (“Original Term Sheet”) in terms of which SJSL shall subscribe for such number of shares (“Subscription Shares”) in Meya that it shall have an option to become up to a 70% shareholder in Meya for a maximum subscription amount of USD 50 million (“the Transaction”). READ MORE
