BK One to Buy Stake in Basileus Capital’s Mining, Oil Assets

BK One Ltd. (BK1P) has agreed to buy stakes in mining, oil and technology companies owned by Basileus Capital Ltd., a company that has begun “business rescue proceedings” after its chief executive officer was killed.

Basileus will sell stakes in Pure Ocean, Cash Connect, Kawuleza Connect, Lefatse Minerals, Toroic, Burgan Oil and other companies, the Durbanville, South Africa-based BK One said in a statement today.

Basileus began business rescue proceedings on Aug. 15 after Chief Executive Officer Julian Williams was shot on July 26.

To contact the reporters on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net

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