Dec 5 (Reuters) - W G Wearne Ltd WEAJ.J :
* JSE: WEA - DISPOSAL OF MULDERSDRIFT QUARRY BUSINESS, PROPERTY AND MINING RIGHT, WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
* W G WEARNE LTD - ON 3 DECEMBER 2019 ENTERED INTO AN AGREEMENT WITH DRIFT SUPERSAND TO DISPOSE OF MULDERSDRIFT BUSINESS TO DRIFT SUPERSAND
* W G WEARNE LTD - DISPOSED OF PROPERTY AND CERTAIN LEASES TO SUPERSAND MINING FOR AN AMOUNT OF R32.5 MILLION
* W G WEARNE LTD - PROPERTY DISPOSAL PURCHASE PRICE IS PAYABLE IN CASH ON DATE OF TRANSFER OF PROPERTY.
* W G WEARNE LTD - PROCEEDS FROM TRANSACTIONS WILL BE USED FOR REPAYMENT OF DEBT AND TO IMPROVE LIQUIDITY POSITION OF GROUP
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