PZG - Pamodzi Gold - Further Cautionary Announcement & Change To The Board Of
PZG
PZG
PZG - Pamodzi Gold - Further Cautionary Announcement & Change To The Board Of
Directors
Pamodzi Gold Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/013039/06)
Share code: PZG
ISIN: ZAE000088563
("Pamodzi Gold" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT & CHANGE TO THE BOARD OF DIRECTORS
Further to the cautionary announcement released on SENS on 18 March 2009 and in
the press on 19 March 2009, shareholders are advised that the directors of the
Company are continuing efforts to recapitalize the Company with fund raising
efforts. Shareholders will be advised of all material developments in the
business as soon as possible through SENS releases.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the Company`s securities until a further announcement is made.
Furthermore shareholders are advised that the Company`s non executive chairman,
Ndaba Ntsele, and its non executive deputy chairman, Ken Steenkamp, have with
immediate effect assumed executive responsibilities of the Company, until 26 May
2009, to put together a long term solution for Pamodzi Gold.
Peter Steenkamp, the Company`s erstwhile CEO has resigned with immediate effect
to pursue other interests. Ndaba Ntsele and Ken Steenkamp will act in executive
capacities until 26 May 2009 whilst the Company seeks a suitable replacement.
Bruma
6 May 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 06/05/2009 17:07:02 Produced by the JSE SENS Department.
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