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5 Jun 2017 13:24
Central Rand Gold Limited (Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108) (Incorporated as an external company with limited liability under the laws of South Africa, Registration number 2007/019223/10) ISIN: GG00B92NXM24 LSE share code: CRND JSE share code: CRD ("Central Rand Gold" or the "Company") |
Iprop Dispute Update |
iProp Dispute Update
Shareholders are referred to the announcements dated 17 May 2017 and 22 May 2017 (and using the terms defined therein unless otherwise stated) pertaining to, inter alia, the iProp Dispute, and are hereby advised that iProp has subsequently withdrawn the application, and each company will bear their own legal costs.
The Company's cash position remains challenging, and the directors of the Company ("Directors") continue to make every effort to secure financing solutions. The Directors are considering a number of solutions, which may include the sale of the Company's operating assets. The Company's shares will remain suspended for the time being pending further developments.
For further information, please contact:
Central Rand Gold +27 (0) 87 310 4400 Lola Trollip
ZAI Corporate Finance Ltd - Nominated Adviser & Broker +44 (0) 20 7060 2220 John Treacy
Brandon Hill Capital Limited - Broker +44 (0) 20 3463 5000 Jonathan Evans / Wei Jiao
Merchantec Capital - JSE Sponsor +27 (0) 11 325 6363 Monique Martinez / Marcel Goncalves
Johannesburg
5 June 2017
The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").
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