Shareholders (“Shareholders”) are referred to the cautionary announcement published on SENS on 28 December 2021 in terms whereof Trustco advised Shareholders that it and it’s Sierra Leonean partner Germinate, received a written offer from a first tier global diamond producer.
The offer was for USD 150 million as a debt facility to scale production at the Meya Mining Operations (“the Debt Component”) to 1 million carats per annum. The offer included a proposed equity transaction to acquire a 55% stake in Meya Mining at a nominal price subject to conditions to be negotiated (“the Equity Component”) (the Debt Component and Equity Component collectively the “Transaction”).
