Zwelakhe Sisulu Appointed as Director of Eastplats
June 10 2009 - 1:58PM
Marketwired Canada
Mr. Ian Rozier, President and CEO of Eastern Platinum Limited
(TSX:ELR)(AIM:ELR)(JSE:EPS) ("Eastplats" or the "Company") is pleased to
announce that the Company's shareholders approved all of the resolutions put
forward at the Annual General Meeting on June 3, 2009 which included the
appointment of Mr. Zwelakhe Sisulu as a director of Eastplats.
Mr. Sisulu, 58, is a former Chairman of New Africa Investments Limited (NAIL)
and currently Chairman of Dirleton Minerals and Energy (Pty) Ltd. Mr Sisulu is a
prominent businessman involved in South Africa's media, telecoms, agri-business,
manufacturing and energy sectors, as well as in the minerals sector through his
shareholding in Savannah Resources, which has an approximate 20% shareholding in
Aquarius Platinum Limited. Mr. Sisulu also controls Gubevu Consortium
Investment, the Company's Black Economic Empowerment ("BEE") partner in Barplats
Investments Ltd. which holds the Crocodile River Mine and the Kennedy's Vale
Project, and Afriminerals (Proprietary) Limited, the Company's BEE partner in
the Spitzkop Project. Mr. Sisulu graduated from the Nieman Fellowship Program
for journalism at Harvard University in 1985.
"We are delighted to have Mr. Sisulu joining the board of Eastplats. He brings
an outstanding combination of knowledge and experience to the Company and having
his expertise on the board will be a great asset to the Company's growth and
development going forward," stated Ian Rozier.
Total shares issued and outstanding - 680,557,369
Certain statements included herein constitute "forward-looking statements"
within the meaning of applicable Canadian securities legislation. These
forward-looking statements are based on certain assumptions by Eastplats and as
such are not a guarantee of future performance. Actual results could differ
materially from those expressed or implied in such forward-looking statements
due to factors such as general economic and market conditions, increased costs
of production and a decline in metal prices. Eastplats is under no obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by applicable laws.
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