06 May 2025 20h07GMT+2
Ref: AGF / ELANDSHOOGTE GOLD MINE / ACQUISITIONS
To: Mr. JJD Potgieter – CEO/Shareholder Minerals
The Board of Directors – Omaruru Minerals (Pty) Ltd
The Board of Director – Africa Gold Fund Holdings Limited
The Board of Directors – Advanced African Capital (Pty) Ltd
The Board of Directors – Cayman Capital RSA & USA
The Board of Directors – OZTURK Group
Mr. Guillaume de Klerk – GdK Attorneys for AGF
Mr. Louw van Wyk – Legal Consultant for AGF
Mr. Craig Meadway – OmniEM Mining Tech for AGF
Dr. Wiaan Basson & Solomons – Geological Services for AGF
From: The Office of The Group CEO – Africa Gold Fund Holdings Limited
Directors: J. Chininga (Chair), H.E. A. Moagi (Deputy Chair),
J. Huisamen (Group CEO), B. Chabaya (CEO), N. Muvindi (COO),
I. Fakier (Director), Z. Nordien (Director), M. Muvindi (Director),
Adv. C. Mahlati (Director)
Africa Gold Fund Holdings Limited I Co. Reg.: 21701/2021
37 Rossal Road, Greendale, Harare, Zimbabwe
[email protected] • www.africagoldfund.com
LETTER OF INTENT TO ACQUIRE OMARURU MINERALS (Pty) Ltd
Dear Mr. JJD Potgieter
This Letter Of Intent is issued with full corporate responsibility.
TRANSACT ON
Africa Gold Fund Holdings Limited hereby offers to purchase 100% of Omaruru
Minerals Proprietary Limited's total share capital of 501 (five hundred and one)
ordinary par shares (Elandshoogte Gold Mine asset inventory) subject to the signature
of a final agreement between parties.
PURCHASE PRICE
Africa Gold Fund Holdings Limited will acquire the Total Equity of 100%, which
represents 501 ordinary par value shares, this will be sold at a value of $110,000,000.00
(One Hundred and ten Million US Dollars) subject to final valuation and final
agreement between the parties.
PROOF OF CAPITAL FOR THE ACQUISITION
We will issue per email within 48 Hours letter of confirmation from our financiers / JV
Partners / Investors to your good selves confirming the capital for the purchase price.
NEGOTIATIONS PRIOR FINAL AGREEMENT
We request for the opportunity as to visit The Elandshoogte Gold Mine for a site visit
and formal negotiations that will lead to final agreement the parties.
Directors: J. Chininga (Chair), H.E. A. Moagi (Deputy Chair),
J. Huisamen (Group CEO), B. Chabaya (CEO), N. Muvindi (COO),
I. Fakier (Director), Z. Nordien (Director), M. Muvindi (Director),
Adv. C. Mahlati (Director)
Africa Gold Fund Holdings Limited I Co. Reg.: 21701/2021
37 Rossal Road, Greendale, Harare, Zimbabwe
[email protected] • www.africagoldfund.com
FINAL AGREEMENT
Our attorneys and legal consultants will engage with your attorneys as to draft the
final agreement between parties. Legal costs attorneys for each party.
FURTHER REMARKS
We thank you for your issued Purchase Offer Letter dated 01 May 2025.
We are looking forward towards a Bona Fide transaction between parties.
Sincerely
Jaco Huisamen
CEO
Directors: J. Chininga (Chair), H.E. A. Moagi (Deputy Chair),
J. Huisamen (Group CEO), B. Chabaya (CEO), N. Muvindi (COO),
I. Fakier (Director), Z. Nordien (Director), M. Muvindi (Director),
Adv. C. Mahlati (Director)
Africa Gold Fund Holdings Limited I Co. Reg.: 21701/2021
37 Rossal Road, Greendale, Harare, Zimbabwe
[email protected] • www.africagoldfund.com
