| Thu 13 Dec 2007, 16:01 | | PZG - Pamodzi Gold - Revised Salient Dates & Appointment of Executive |
|
PZG
PZG
PZG - Pamodzi Gold - Revised Salient Dates & Appointment of Executive
Director
Pamodzi Gold Limited
(Previously Bema Gold SA (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
Registration number 2002/013039/06
JSE code: PZG & ISIN: ZAE000088563
("Pamodzi Gold" or "Company")
ANNOUNCEMENT REGARDING THE:
* REVISED SALIENT DATES AND TIMES IN RESPECT OF THE PROPOSED
ACQUISITION OF THE ORKNEY BUSINESS AND THE PRESIDENT STEYN
BUSINESS; AND
* APPOINTMENT OF A NEW EXECUTIVE DIRECTOR OF PAMODZI GOLD.
REVISED SALIENT DATES AND TIMES IN RESPECT OF THE ACQUISIITON OF THE
ORKNEY BUSINESS AND THE PRESIDENT STEYN BUSINESS
Pamodzi Gold shareholders ("shareholders") are referred to the detailed
terms announcement released on SENS on 23 November 2007 and published in
the press on 24 November 2007 regarding the proposed acquisition of the
Orkney shafts No`s 1 to 7 ("Orkney business") from Harmony Gold Mining
Company Limited and the proposed acquisition of 100% of the ordinary
issued share capital of and all claims on loan account against President
Steyn Gold Mines (Free State) (Proprietary) Limited ("President Steyn
business") from Thistle Mining Inc. ("proposed transactions").
The posting of the circular to shareholders regarding the proposed
transactions ("circular") has had to be postponed as a result of a delay
in completing the President Steyn Competent Person`s Report ("CPR").
While it is currently envisaged that the CPR will be completed within
the next two weeks, it is no longer possible to have the general meeting
of shareholders to vote on the ordinary resolutions required to
implement the proposed transactions ("general meeting") in 2007.
Accordingly, shareholders are advised of the revised salient dates and
times in respect of the proposed transactions:
2008
Post circular on or about Monday, 14 January
Last day for the receipt of forms of
proxy for the general meeting by 10:00
on Monday, 28 January
General meeting to be held at the
registered office of the Company, 2nd
Floor, Building C, East Gate Office
Park, South Boulevard, Bruma at 10:00
on Wednesday, 30 January
Results of the general meeting to be
released on SENS on Wednesday, 30 January
Results of the general meeting to be
published in the press on Thursday, 31 January
APPOINTMENT OF A NEW PAMODZI GOLD EXECUTIVE DIRECTOR
The Company is pleased to announce the appointment of Sibongile Patricia
Radebe (47) as an executive director of Pamodzi Gold, effective 1
January 2008. Sibongile brings with her valuable experience and skills
from her time as Nedbank Limited`s Head of Group Communications.
Sibongile will be responsible for corporate development at Pamodzi Gold.
Sibongile is currently an independent non-executive director of Pamodzi
Gold and is also a director of Freefall (Proprietary) Limited and
Jacaranda Radio.
Bedfordview
13 December 2007
Merchant bank and sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Attorneys
Cliffe Dekker Inc.
Independent sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 13/12/2007 15:54:33 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
