SENS announcement – Update to Shareholders

Shareholders are referred to the announcement released on SENS on 19 September 2012 regarding the settlement agreement entered into with Mr Paul Main (“Mr Main”) and the extension of the date by which payment had to be made by Mr Main in respect thereof.

Following the aforementioned announcement shareholders are hereby advised that R&E and Mr Main had subsequently reached a further agreement in terms of which the Company granted a further extension to Mr Main for the payment of the final outstanding installment of $2 million, until the end of January 2013, subject to Mr Main compensating R&E for the delay in paying such installment.
06 December 2012

PSG Capital

Posted in Company Announcements.