| Wed 26 Aug 2009, 13:23 | | GDO - Gold One - Shareholders Approve Capital Raise - Balance Sheet |
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GDO
GDO
GDO - Gold One - Shareholders Approve Capital Raise - Balance Sheet
Significantly Strengthened
Gold One International Limited
(Previously BMA Gold Limited)
Registered in Western Australia under the Corporations Act, 2001 (Cth)
Registration number ACN: 094 265 746
Registered as an external company in the Republic of South Africa
Registration number: 2009/000032/10
Share code on the ASX/JSE: GDO
ISIN: AU000000GDO5
OTCQX International: GLDZY
("Gold One" or the "company")
SHAREHOLDERS APPROVE CAPITAL RAISE - BALANCE SHEET SIGNIFICANTLY STRENGTHENED
Gold One is pleased to announce that shareholders have overwhelmingly approved
the company`s proposed capital raising announced on 24 June 2009.
Gold One said then that it had resolved to raise up to approximately AUD37.5
million (ZAR244 million, US$29 million*) via placement to predominantly
Australian and international institutional clients of Hartleys Limited, the
company`s Australian advisers. A total of 120 million ordinary shares at
AUD0.31/ZAR2.03338 per share have now been placed.
The placement in Gold One was made available in two tranches, the second of
which, the specific issue of shares for cash totaling 86.4 million shares and
thus the vast majority, was voted on and approved today by shareholders with a
more than 99% majority.
Commenting on the success of the placement, Gold One President and CEO Neal
Froneman said "We are delighted to have received such overwhelming support from
our existing shareholders, allowing us to strengthen the company`s balance
sheet, while also allocating funds to develop projects in our exploration
pipeline, specifically, our Ventersburg project, which we believe has great
potential to become our next flagship mine."
"Modder East remains on track to produce 20`000 ounces of gold for 2009,
providing the company with a solid growing revenue stream" added Froneman.
The newly issued shares is expected to be listed on Monday, 31 August 2009,
bringing the company`s total issued share capital to 804 966 819.
*Currency exchange conversion was done at ZAR8.20/US$
ENDS -
Issued by Gold One International Limited
Website : www.gold1.co.za
Macquarie First South Advisers (Pty) Limited
Sponsor
For further information contact:
Neal Froneman Ilja Graulich Carol Smith
President and CEO VP: Corporate Affairs Investor Relations
+27 11 726 1047 (office) +27 11 726 1047 (office) +27 11 726 1047
(office)
+27 83 628 0226 (mobile) +27 83 604 0820 (mobile) +27 82 338 2228
(mobile)
neal.froneman@gold1.co.za ilja.graulich@gold1.co.za carol.smith@gold1.co.za
About Gold One:
Gold One International Limited is an Australian and African gold resource
company listed on the financial markets operated by ASX Limited (the Australian
Securities Exchange) and JSE Limited (the Securities Exchange in Johannesburg)
(issuer code GDO). 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 and Bothaville, both in the Free State goldfields,
the Tulo concession in Mozambique and the Etendeka greenfields project in
Namibia.
Date: 26/08/2009 13:23:01 Produced by the JSE SENS Department.
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