Asa Resources Regulatory News (ASA)

26 Oct 2005 08:06

African Gold PLC26 October 2005 African Gold plc Re-admission to AIM African Gold plc ("the Company") announces completion of the acquisition (the"Acquisition") of Mwana Africa Holdings (Proprietary) Limited ("Mwana"), there-admission of its existing ordinary shares of 10 pence each ("OrdinaryShares") and admission of the New Ordinary Shares (as defined in the AdmissionDocument sent to shareholders of the Company ("Shareholders") on 30 September2005) to trading on AIM. The Company's name change to Mwana Africa Plc isexpected to be effective today and is expected to trade on AIM under that nameand the symbol MWA from 27 October 2005. The South African Reserve Bank confirmed its approval of the Acquisition inconnection with which the Company may be required to seek a secondary listing onthe Johannesburg Stock Exchange in 12 months' time. As announced yesterday, Shareholder approval was obtained at the ExtraordinaryGeneral Meeting of the Company held on 25 October 2005 in respect of allresolutions placed before Shareholders. The Company also announces the successful placing of 8,700,000 Ordinary Sharesat 50p per share, raising £4.35 million before expenses. The Company also announces the appointment of Kalaa Mpinga, David Fish and TimWadeson as directors of the Company. Kalaa Mpinga will be the CEO, David Fishwill be the Finance Director and Tim Wadeson will be a non-executive directorand acting technical director. Enquiries: Oliver Baring, Chairman Tel: 020 7654 5588African Gold Plc Tom Randell / Maria Suleymanova Tel: 020 7653 6620Merlin This information is provided by RNS The company news service from the London Stock Exchange