| Wed 22 Jun 2011, 7:05 | | GDO - Gold One International Limited - Update on A$0.55 per share cash offer and |
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GDO
GDO
GDO - Gold One International Limited - Update on A$0.55 per share cash offer and
proposed strategic partnership
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")
Update on A$0.55 per share Cash Offer and Proposed Strategic Partnership
On 16 May 2011, Gold One International Limited (ASX and JSE: GDO) announced that
it had entered into an agreement to implement a transaction with a consortium of
Chinese investors whereby the consortium is seeking to become the long term
strategic partner of Gold One and its major shareholder. The transaction
comprises a series of interdependent transactions, including a cash offer of
A$0.55 per existing Gold One share ("Cash Offer") and a minimum A$150 million
capital injection into Gold One (the "Transaction").
The process for obtaining regulatory approvals in respect of the Transaction is
progressing well. While the preparation of the package of documents to be sent
to Gold One shareholders (namely a Bidder`s Statement, a Target`s Statement and
a Notice of Meeting of Shareholders) is well advanced, the indicative despatch
date of 22 June 2011 will not be met. It is now intended that these documents
will be despatched to Gold One shareholders by mid July 2011, at which time the
Cash Offer will open. These documents will contain full details of the Cash
Offer and include instructions on how to accept the Cash Offer, as well as
information on how to vote at the General Meeting.
Gold One will continue to keep shareholders advised of progress made.
ENDS
Issued by Gold One International Limited
Website: www.gold1.co.za
Parktown, Johannesburg
22 June 2011
JSE SPONSOR
Macquarie First South Advisers (Pty) Limited
For further information please contact:
On behalf of Gold One:
Neal Froneman President and CEO
+27 11 726 1047 (office)
+27 83 628 0226 (mobile)
neal.froneman@gold1.co.za
Ilja Graulich Investor Relations
+27 11 726 1047 (office)
+27 83 604 0820 (mobile)
ilja.graulich@gold1.co.za
Carol Smith Investor Relations
+27 11 726 1047 (office)
+27 82 338 2228 (mobile)
carol.smith@gold1.co.za
Derek Besier
Farrington National Sydney
+61 2 9332 4448 (office)
+61 421 768 224 (mobile)
derek.besier@farrington.com.au
About Gold One
Gold One is a gold producer listed on the financial markets operated by the ASX
Limited and the JSE Limited, issuer code GDO. Its flagship operation is the
newly built shallow Modder East mine on the East Rand, some 30 kilometres from
Johannesburg. Modder East is the first new mine to be built in the region in
28 years and distinguishes itself from most of the other gold mines in South
Africa owing to its shallow nature (300 metres to 500 metres below surface).
To date Modder East has provided direct employment opportunities for over 1,200
people. Gold One also owns the nearby existing Sub Nigel mine, which is used
primarily as a training centre in the build-up of Modder East to full
production. Gold One has an issued share capital of 808,716,731 shares.
Date: 22/06/2011 07:05:02 Produced by the JSE SENS Department.
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