Wesizwe Platinum has announced its intention to list on the JSE's main board by the end of the year.

In a statement issued by the company's chief executive, Michael Soloman, the company revealed that it is hopeful of listing by introduction, meaning that there will be no share issue should the move prove successful.

Mr Soloman believes the move will allow current shareholders more liquidity, while also providing the company with a higher profile from which it can raise greater capital to fund further exploration operations.

Wesizwe is 52 per cent owned by Black Economic Empowerment (BEE) groups, with the major shareholder being the Bakubung-Ba-Ratheo Community, which has a 33 per cent stake in the company.

The South African company first announced in September that it was planning to list on the JSE and at that time Mr Soloman suggested that more capital could be raised for a development of its exploration operations during the first quarter of 2006.

If the listing is successful, Wesizwe will be the first and only platinum exploration group in South Africa to be listed on the JSE.


Ÿ Adfero Ltd