RNG / JCD - Randgold & Exploration Company / JCI L
JCD RNG
JCD RNG
RNG / JCD - Randgold & Exploration Company / JCI Limited - Renewal of
Negotiations and Renewal of Cautionary Announcement
RANDGOLD & EXPLORATION COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1992/005642/06)
Share code: RNG & ISIN: ZAE000008819 (Suspended)
ADR Ticker symbol: RNG
Nasdaq trading symbol: RANGY (Delisted)
("R&E")
JCI LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1894/00854/06
Share code: JCD & ISIN: ZAE000039681 (Suspended)
("JCI")
JOINT ANNOUNCEMENT BY R&E AND JCI
(collectively, "the companies")
RENEWAL OF NEGOTIATIONS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the separate announcements released by R&E and JCI on SENS on 9 April
2009 relating to the lapsing of the scheme of arrangement referred to therein,
shareholders are advised that the boards of R&E and JCI are of the view that
without prejudice to any of their rights under the Mediation Agreement concluded
between them on 7 April 2006 (as amended), it would be in the best interests of
the companies to endeavour to achieve a settlement. Accordingly, the companies
have engaged in negotiations regarding a possible settlement of the disputes
between them. Shareholders of R&E and JCI will be kept informed of the progress
of such negotiations from time to time.
Renewal of cautionary announcement
In the light of the above, JCI and R&E shareholders are advised to continue to
exercise caution in trading their shares over the counter until such time as a
further announcement is made.
Johannesburg
17 April 2009
Sponsor to R&E
PSG Capital (Pty) Limited
Sponsor to JCI
Sasfin Capital
A division of Sasfin Bank Limited
Date: 17/04/2009 14:52:02 Produced by the JSE SENS Department.
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