| Tue 1 Jul 2008, 8:53 | | ANG - Anglogold Ashanti Finalises Deal To Acquire 100% Of Golden Cycle Gold |
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ANG
ANANO
ANG - Anglogold Ashanti Finalises Deal To Acquire 100% Of Golden Cycle Gold
Corporation
ANGLOGOLD ASHANTI FINALISES DEAL TO ACQUIRE 100% OF GOLDEN CYCLE GOLD
CORPORATION
Joint announcement
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number: ZAE000043485
JSE Share Code: ANG
("AngloGold Ashanti/Company")
and
Golden Cycle Gold Corporation
ARCA: GCGC \
1515 South Tejon Street \ Suite 201 \ Colorado Springs \ CO 80906 \ USA
Tel: +1 719-471-9013 \ Fax: +1 719-520-1442 \
Email: info@goldencycle.com
ANGLOGOLD ASHANTI FINALISES DEAL TO ACQUIRE 100% OF GOLDEN CYCLE GOLD
CORPORATION
AngloGold Ashanti Limited ("AngloGold Ashanti") and Golden Cycle Gold
Corporation (ARCA: GCGC) ("GCGC") are pleased to announce that shareholders of
GCGC approved the merger with a wholly owned subsidiary of AngloGold Ashanti at
the GCGC special meeting of shareholders held on 30 June 2008 in Victor,
Colorado when GCGC shareholders representing 7,036,949 shares of GCGC common
stock voted in favour of the merger. The merger will be effective at 0:01 on
1 July 2008. As a result, AngloGold Ashanti will acquire 100% of GCGC by way of
a statutory merger under Colorado law ("the transaction") and subsequently,
AngloGold Ashanti will own 100% of Cripple Creek & Victor Gold Mining Company
("CC&V").
The Bank of New York, c/o BNY Mellon Shareowner Services, New York, New York,
has been appointed as exchange agent for the merger, and notice and exchange
instructions are expected to be mailed to the shareholders of GCGC on or before
July 3, 2008.
R. Herbert Hampton, Chief Executive Officer and President of GCGC, commented,
"We are pleased that shareholders representing approximately 71.85% of our
common stock have expressed their confidence in AngloGold Ashanti by approving
the merger. This concludes the long history of Golden Cycle, and we look
forward to beginning a new chapter as shareholders of AngloGold Ashanti."
Commenting on the transaction, Mark Cutifani, Chief Executive Officer of
AngloGold Ashanti, said "We are extremely pleased that Golden Cycle shareholders
have approved the transaction that will enable us to continue to consolidate the
full mineral endowment at CC&V over the remainder of the mine`s life, whilst
also simplifying the ownership structure of this long life North American asset,
and we welcome Golden Cycle shareholders as new shareholders of AngloGold
Ashanti."
30 June 2008
Legal Adviser : Davis Graham & Stubbs LLP
JSE Sponsor : UBS
This communication shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. This communication is not an offer of securities for sale into the
United States. No offering of securities shall be made in the United States
except pursuant to registration under the US Securities Act of 1933, as amended,
or an exemption therefrom.
Queries
South Africa:
Himesh Persotam (Investor Relations) Tel: +27 (0) 11 637-6647
Mobile: +27 (0) 82 339 3890 E-mail: hpersotam@AngloGoldAshanti.com
Alan Fine (Media) Tel: +27 (0) 11 637-6383 Mobile: +27 (0) 83 250 0757
E-mail: afine@AngloGoldAshanti.com
Joanne Jones (Media) Tel: +27 (0) 11 637- 6813 Mobile : +27 (0) 82 896 0306
E-mail: jjones@AngloGoldAshanti.com
Date: 01/07/2008 08:53:01 Produced by the JSE SENS Department.
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