| Thu 14 May 2009, 15:30 | | AFO - Aflease - Gold One International all set for listing |
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AFO
AFO
AFO - Aflease - Gold One International all set for listing
Aflease Gold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
JSE Share code: AFO
ISIN: ZAE000075867
International Prime QX (OTCQX): AFSGY
("Aflease")
GOLD ONE INTERNATIONAL ALL SET FOR LISTING
Johannesburg, 14 May 2009: Aflease is pleased to announce that it is all
systems go for the listing of Gold One International Limited ("Gold One") on
JSE Limited ("JSE") with the commencement of trading on Monday, 18 May 2009.
Gold One - formerly known as BMA Gold Limited - is set to take up a dual
inward primary listing on the JSE, together with its primary listing on the
Australian Stock Exchange ("ASX"), and will then conclude the acquisition of
Aflease, as announced in November of last year.
Notable dates for Aflease shareholders are as follows:
* Friday, 15 May 2009: Last day to trade ordinary shares on the JSE in
order to be recorded in the register on the consideration record date.
* Monday, 18 May 2009: Suspension of Aflease`s listing on the JSE from the
commencement of trading on the JSE. Gold One ordinary shares will be
listed and trading will start on the JSE at the commencement of trading
on the JSE under JSE code "GDO" and ISIN AU000000GDO5
* Monday, 25 May 2009: Operative date of the scheme, from the commencement
of trading on the JSE and termination of Aflease`s listing on the JSE,
from the commencement of trading.
Please note the share codes for Gold One at date of listing are as follows:
* ASX Limited: GDO
* JSE Limited: GDO
* International Prime QX (OTCQX) (Pinksheets): AFSGY. The International
Prime QX will change on the date that the scheme is implemented. The
company will advise shareholders of the International Prime QX by release
on SENS once it is available.
- Ends-
Issued by Aflease Gold Limited
Website : www.gold1.co.za
For further information contact:
Neal Froneman Ilja Graulich Carol Smith
Aflease Chief Executive Aflease VP: Corporate Aflease Investor
Affairs Relations
+27 11 726 1047 +27 11 726 1047 (office) +27 11 726 1047 (office)
(office)
+27 83 628 0226 +27 83 604 0820 (mobile) +27 82 338 2228 (mobile)
(mobile)
Note to editors:
Aflease is a South African gold development company listed on the JSE Limited
(share code AFO). It is developing the new Modder East mine on the East Rand,
some 30 kilometres from Johannesburg, and also owns the nearby existing Sub
Nigel mine, which has recently been recommissioned. Its other projects and
targets include Ventersburg, a large project with indicated resources of
1.43million, and Bothaville, both in the Free State Goldfields, the Tulo
concession in Mozambique and the Etendeka greenfields project in Namibia. It
has a resource base of some 13 million ounces of gold.
FORWARD-LOOKING STATEMENT: This news release includes certain "forward-looking
statements" and "forward-looking information". All statements other than
statements of historical fact included in this release including, without
limitation, statements regarding future plans and objectives of Aflease Gold
and BMA Gold are forward-looking statements (or forward-looking information)
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors could cause actual results to differ materially from Aflease Gold and
BMA Gold`s expectations. Such factors include, among others, the actual
results of exploration activities, actual results of reclamation activities,
the estimation or realisation of mineral reserves and resources, the timing
and amount of estimated future production, costs of production, capital
expenditures, costs and timing of the development of new deposits,
availability of capital required to place Aflease Gold and BMA Gold`s
properties into production, conclusions of economic evaluations, changes in
project parameters as plans continue to be refined, future prices of gold and
other commodities, possible variations in ore grade or recovery rates, failure
of plant, equipment or processes to operate as anticipated, accidents, labour
disputes and other risks of the mining industry, delays in obtaining
governmental approvals, permits or financing or in the completion of
development or construction activities,
Aflease Gold and BMA Gold`s hedging practices, currency fluctuations, title
disputes or claims limitations on insurance coverage, Although Aflease Gold
and BMA Gold have attempted to identify important factors that could cause
actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-
looking statements. Aflease Gold and BMA Gold do not undertake to update any
forward-looking statements that are included herein, except in accordance with
applicable securities laws. In addition, this news release uses the terms
"indicated resources" and "inferred resources" as defined in accordance with
the SAMREC Code (South African Code for Reporting of Mineral Resources and
Mineral Reserves prepared by the South African Mineral Resource Committee)
(SAMREC) under the auspices of the South African Institute of Mining and
Metallurgy effective March 2000 or as amended from time to time. A mineral
reserve is the economically mineable part of a measured or indicated resource
demonstrated by at least a preliminary feasibility study. This study must
include adequate information on mining, processing, metallurgical, economic
and other relevant factors that demonstrate at the time of reporting that
economic extraction can be justified. A mineral reserve includes diluting
materials and allows for losses that may occur when the material is mined. A
proven mineral reserve is the economically mineable part of a measured
resource for which quantity, grade or quality, densities, shape and physical
characteristics are so well established that they can be estimated with
confidence sufficient to allow the appropriate application of technical and
economic parameters to support production planning and evaluation of the
economic viability of the deposit. A probable mineral reserve is the
economically mineable part of an indicated mineral resource for which
quantity, grade or quality, densities, shape and physical characteristics can
be estimated with a level of confidence sufficient to allow the appropriate
application of technical and economic parameters to support mine planning and
evaluation of the economic viability of the deposit. A mineral resource is a
concentration or occurrence of natural, solid, inorganic or fossilized organic
material in or on the earth`s crust in such form and quantity and of such a
grade or quality that it has reasonable prospects for economic extraction. The
location, quantity, grade, geological characteristics and continuity of a
mineral resource are known, estimated or interpreted from specific geological
evidence and knowledge. A measured mineral resource is that part of a mineral
resource for which quantity, grade or quality, densities, shape and physical
characteristics can be estimated with a level of confidence sufficient to
allow the appropriate application of technical and economic parameters to
support mine planning and evaluation of the economic viability of the deposit.
The estimate is based on detailed and reliable exploration, sampling and
testing information gathered through appropriate techniques from locations
such as outcrops, trenches, pits, workings and drillholes that are spaced
closely enough to confirm both geological and grade continuity. An indicated
mineral resource is that part of a mineral resource for which quantity, grade
or quality, densities, shape and physical characteristics can be estimated
with a level of confidence sufficient to allow the appropriate application of
technical and economic parameters to support mine planning and evaluation of
the economic viability of the deposit. The estimate is based on detailed and
reliable exploration and testing information gathered through appropriate
techniques from locations such as outcrops, trenches, pits, workings and
drillholes that are spaced closely enough for geological and grade continuity
to be reasonably assumed. An inferred mineral resource is that part of a
mineral resource for which quantity and grade or quality can be estimated on
the basis of geological evidence and limited sampling and reasonably assumed,
but not verified, geological and grade continuity. The estimate is based on
limited exploration and sampling gathered through appropriate techniques from
locations such as outcrops, trenches, pits, workings and drillholes. Mineral
resources which are not mineral reserves do not have demonstrated economic
viability. Investors are cautioned not to assume that all or any part of the
mineral deposits in the measured and indicated resource categories will ever
be converted into reserves. In addition, "inferred resources" have a great
amount of uncertainty as to their existence and economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral
resource will be ever be upgraded to a higher category. Under South African
rules, estimates of inferred mineral resources may not form the basis of
feasibility or pre-feasibility studies or economic studies except under
conditions noted in the SAMREC Code. Investors are cautioned not to assume
that all or any part of an inferred resource exists or is economically or
legally mineable. Exploration data is acquired by the corporation and its
consultants under strict quality assurance and quality control protocols. No
stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
Date: 14/05/2009 15:30:01 Produced by the JSE SENS Department.
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indirect, incidental or consequential loss or damage of any kind or nature,
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information disseminated through SENS.
