"The boards of directors of Anglo Platinum, Pelawan, Anooraq’s controlling shareholder, and Anooraq (collectively ""the Parties""), in a joint announcement released on 4 September 2007, announced details of a proposed empowerment transaction (""the Transaction"") involving the acquisition by Anooraq of an effective 51% of the Lebowa Platinum Mine (""Lebowa"") together with an additional 1% controlling interest in the Parties’ current joint venture projects, namely the Ga-Phasha, Boikgantsho and Kwanda projects (collectively ""the Project Assets"")."