Labat Africa Ltd JSE:LAB:
JSE: LAB - ACQUISITION OF THE ADDITIONAL 24.45% OF CLASSIC INTERNATIONAL (PTY) LTD
LABAT AFRICA - PURCHASE CONSIDERATION FOR 24.45% STAKE IS R27 MILLION
LABAT AFRICA - CONSIDERATION TO BE SETTLED BY ISSUING 900 MILLION LABAT SHARES AT R0.03 PER SHARE
LABAT AFRICA - FOLLOWING COMPLETION OF TRANSACTION, CO WILL HOLD 100% OF ISSUED SHARE CAPITAL OF CLASSIC