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2 May 2017 14:00
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") |
Issue and Allotment of Ordinary Shares |
Central Rand Gold has agreed to issue 4,200,000 ordinary shares (the "Relevant Shares") at a conversion price of 0.4 pence to a creditor in lieu of a fee due by the Company. Application will be made for the Relevant Shares to be admitted to trading on both AIM and the JSE, with admission to take place on 8 May 2017. The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company.
Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 239,833,285 ordinary shares with voting rights. This figure of 239,833,285 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Listing Authority.
For further information, please contact:
Central Rand Gold +27 (0) 87 310 4400
Lola Trollip / Simon Charles
ZAI Corporate Finance Limited - Nominated Adviser +44 (0) 20 7060 2220
John Treacy / Jamie Spotswood
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
2 May 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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