| Tue 29 Jul 2008, 17:34 | | PZG - Pamodzi Gold Limited - Status Of Fundraising, Release Of Annual Financial |
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PZG
PZG
PZG - Pamodzi Gold Limited - Status Of Fundraising, Release Of Annual Financial
Statements And Notice Of Annual General Meeting
Pamodzi Gold Limited
(Incorporated in the Republic of South Africa)
(Previously Bema Gold SA (Proprietary) Limited)
Registration number 2002/013039/06
JSE Code: PZG & ISIN: ZAE000088563
("Pamodzi Gold" or "the Company")
STATUS OF FUNDRAISING, RELEASE OF ANNUAL FINANCIAL STATEMENTS AND NOTICE OF
ANNUAL GENERAL MEETING
Status of fundraising
Shareholders are advised that the Company is in process of completing its
external funding arrangements. The Company has received non-binding interest to
invest US$50m from international and local investors. The funding will take the
form of a forward sale of gold combined with cash settled warrants. This funding
will place the Company in a cash positive position and enable it to implement
the capital development projects which are necessary to develop its mines to
their full potential.
Harmony Gold Mining Company Limited and Pamodzi Resources (Proprietary) Limited,
both being major shareholders of Pamodzi Gold, remain committed to their
investments in the Company and have indicated that they support the fund raising
initiative.
Release of Annual Financial statements
Shareholders are further advised that the annual financial statements will be
distributed to shareholders on 31 July 2008 and contain no modifications to the
preliminary condensed consolidated results for the quarter and year ended 31
December 2007 which were published on SENS on 25 February 2008.
Notice of the annual general meeting
Notice is hereby given that the annual general meeting of shareholders will be
held at 14h00 on Monday, 25 August 2008 at Eastgate Office Park, Building C, 2nd
Floor, South Boulevard, Bruma, Johannesburg, to transact the business as stated
in the annual general meeting notice forming part of the annual financial
statements.
Shareholders are advised to continue to exercise caution in dealing in the
Company`s securities until the funding agreements have been finalised which is
expected to be during August 2008.
Bruma
29 July 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29/07/2008 17:34:02 Produced by the JSE SENS Department.
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