Sentula Mining to auction assets

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Coal

Independent Newspapers

Sentula Mining’s (SNU) board of directors entered into an agreement with Ritchie Brothers Auctioneers on November 30 to hold auctions of the assets of Sentula’s wholly-owned subsidiary Megacube‚ which has ceased operations.

The auctions will start on March 20‚ 2013. The assets have a book value of R300m.

As it is impossible to know the value realised by the auctions‚ shareholders are advised to exercise caution in their dealings. - I-Net Bridge


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