PZG - Pamodzi Gold - Status of fundraising and further cautionary announcement
PZG
PZG
PZG - Pamodzi Gold - Status of fundraising and further cautionary announcement
Pamodzi Gold Limited
(Formerly Bema Gold SA (Proprietary) Limited)
(Incorporated in South Africa)
(Registration number 2002/013039/06)
Share code: PZG ISIN number: ZAE000088563
("Pamodzi Gold")
STATUS OF FUNDRAISING AND FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders were advised on 18 February 2009 that Pamodzi Gold had not received
R200 million of the loan funding committed in late 2008 as a result of the non
performance of Best Rock Investments LLP. As a result of this, Pamodzi
Resources, is involved in negotiations with a view to coming up with a complete
solution to the funding issues Pamodzi Gold faces. An application will be
launched for the liquidation of one of the subsidiary companies in the Pretoria
High Court today and Pamodzi Gold will oppose the application.
Shareholders are advised to exercise caution when dealing in Pamodzi Gold shares
until a further announcement in this regard is made.
Bruma
17 March 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 17/03/2009 09:20:01 Produced by the JSE SENS Department.
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