Canal+ Regulatory News (CAN)

13 Feb 2007 11:12

Central African Gold PLC13 February 2007 Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 13 February 2007 Central African Gold Plc ("CAG" or "the Company") Re AGA Shareholding Central African Gold Plc, an AIM listed gold mining and exploration company,completed the acquisition of the Bibiani gold mine and related assets andliabilities, including prospecting licence in Ghana from AngloGold AshantiLimited ("AGA") on the 20 December 2006 ("the Acquisition"). As part of theconsideration for the Acquisition AGA was issued 17,550,326 Ordinary Shares inCAG, which under the requirements of the South African Reserve Bank ("SARB"), itis required to sell within 90 days of Admission to trading on AIM that occurredon 28 December 2006. AGA has informed the Company that it has sold 7,000,000Ordinary Shares to a US based investment fund taking its holding to 10,550,326Ordinary Shares representing 2.30 per cent. of the issued share capital. CAG isin discussions with AGA to ensure, so far as it is able, an orderly market inthe sale of the balance of its shares. * * ENDS * * For further information please contact or visit www.centralafricangold.com orcontact: Greg Hunter Central African Gold Plc Tel: +27 (0)82 882 4222 Hugo de Salis St Brides Media & Finance Ltd Tel: +44 (0)20 7242 4477 Simon Raggett Strand Partners Limited Tel: +44 (0)20 7409 3494 Notes to Editors: CAG, admitted to AIM in April 2004, was established to acquire gold assets witha geographical focus on Africa. The Company has established a sound portfoliowith projects in Ghana, Mali and Botswana. It has a highly experiencedmanagement team, which has worked together for four years managing sixunderground greenstone gold mining operations and building explorationportfolios. CAG's portfolio includes the producing Bibiani gold mine and prospectinglicences in Ghana, which it acquired from AngloGold Ashanti Limited, two jointventures in Mali covering 23 prospective permits and licences in Botswanacovering the extension of the Kraaipan greenstone belt from South Africa. Thedirectors are evaluating additional prospects in Africa to establish CAG as aleading mid-tier African gold producer with world class exploration andproduction assets. This information is provided by RNS The company news service from the London Stock Exchange