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GDO
GDO
GDO - Gold One International Limited - Namibian competition commission
grants unconditional approval for A$0.55 per share cash offer to Gold One
shareholders
Gold One International 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")
NAMIBIAN COMPETITION COMMISSION GRANTS UNCONDITIONAL APPROVAL FOR A$0.55 PER
SHARE CASH OFFER TO GOLD ONE SHAREHOLDERS
On 16 May 2011, Gold One announced that it had entered into an agreement to
implement a transaction with a consortium of Chinese investors (the
"Consortium") whereby the Consortium is seeking to become the major
shareholder and long term strategic partner of Gold One. The transaction
comprises a series of interdependent transactions, including a cash offer of
A$0.55 per existing Gold One share and a minimum A$150 million capital
injection into Gold One (the "Transaction").
Gold One is pleased to announce that it has been informed by the Consortium
that the Namibian Competition Commission has unconditionally approved the
Transaction in terms of section 47 (1) of the Competition Act, 2003 (Act No.
2 of 2003).
All other remaining regulatory conditions precedent to the Transaction which
include, inter alia, relevant Chinese approvals, are progressing well and in
line with the anticipated timetable.
ENDS
Issued by Gold One International Limited
www.gold1.co.za
Parktown, Johannesburg
06 September 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
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
Mark Wheatley
Chairman
+61 2 9963 6400 (office)
+61 417 688 539 (mobile)
mark.wheatley@gold1.com.au
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
Sean Chilvers
Macquarie Capital
+27 11 583 2283 (office)
+27 83 280 4101 (mobile)
sean.chilvers@macquarie.com
Grey Egerton-Warburton
Hartleys
+61 8 9268 2851 (office)
+61 417 355 165 (mobile)
grey_warburton@hartleys.com.au
On behalf of the Consortium:
Clement Kwong
Long March Capital
+86 108 515 1966 (office)
+86 1860 218 9000 (mobile)
clement@longmarchcapital.com
Craig Forbes
Rand Merchant Bank
+27 11 282 1156 (office)
+27 72 237 2001 (mobile)
craig.forbes@rmb.co.za
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 1,500 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`s other projects and targets
include Ventersburg in the Free State Goldfields, the Tulo concession in
Mozambique and the Etendeka greenfield project in Namibia. Gold One has an
issued share capital of 809, 003, 092 shares.
Date: 06/09/2011 07:05:01 Produced by the JSE SENS Department.
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