| Thu 1 Dec 2011, 7:05 | | GDO - Gold One International Limited - Payment date of BCX Gold AUD0.55 offer |
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GDO
GDO
GDO - Gold One International Limited - Payment date of BCX Gold AUD0.55 offer
Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with
registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number
2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the "company")
Payment date of BCX Gold AUD0.55 offer
BCX Gold confirms payment on 23 December 2011 for shareholders who accept on or
before 7 December 2011
Gold One is pleased to announce that, further to announcements published by the
company on Monday, 28 and Tuesday, 29 November 2011, it has received the
attached notification from BCX Gold Investment Holdings Limited ("BCX Gold") to
the effect that BCX Gold will ensure that shareholders who validly accept BCX
Gold`s AUD0.55 per share takeover offer for Gold One shares ("Offer") before
7:00 pm AEDT/ 10:00 am CAT on Wednesday, 7 December 2011 will still be paid on
Friday, 23 December 2011, even if the Offer is extended.
Gold One thus encourages shareholders who wish to accept the Offer for some or
all of their shares to ensure that they submit their acceptances on or before
Wednesday, 7 December 2011.
The Board of Gold One reaffirms its recommendation that shareholders who wish to
realize, in whole or in part, their investment in Gold One for cash accept the
offer in the absence of a superior proposal.
The notification received from BCX Gold is set out under Annexure A of this
announcement.
Defined terms in the Target`s Statement dated Wednesday, 03 August 2011, have
the same meaning in this announcement.
ENDS
Johannesburg
01 December 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued by Gold One International Limited
www.gold1.co.za
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 1 100 people. 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 860,068,371 shares.
About the Consortium
The members of the Consortium are established and based in the PRC. The
Consortium is led principally by Baiyin Non-Ferrous Group Co Ltd, which is a
Gansu-based resources smelting and extraction company with a history of more
than 50 years in China. China Africa Development Fund is primarily a financial
investor, and its parent, the China Development Bank Corporation is also
interested in exploring opportunities for follow-on debt and acquisition
financing arising from an investment in Gold One. Long March Capital Limited is
a privately-held investment manager based in Beijing and focussed on the
transactional management of resources investments by Chinese capital abroad.
Long March Capital Limited co-invests in transactions such as the investment in
Gold One, which will be made through co-managed PRC-based and offshore
investment vehicles. CITIC Kingview Capital Management Co. Ltd is an investment
management company, established in 2007, and held jointly by CITIC Group, CITIC
Trust and CITIC Capital, which focuses on the management of Chinese corporate
and individual capital investing in various sectors including real estate,
private equity, pre-IPOs and resources.
This news release does not constitute investment advice. Neither this news
release nor the information contained in it constitutes an offer, invitation,
solicitation or recommendation in relation to the purchase or sale of securities
in any jurisdiction.
This announcement is not for distribution, directly or indirectly, in or into
the United States and does not constitute or form part of an offer or
solicitation to acquire any securities of Gold One in the United States.
Annexure A
QUOTE
NOTICE OF INTENTION IN RESPECT OF OFFER
BCX Gold confirms payment on 23 December 2011 for shareholders who accept on or
before 7 December 2011
As announced by Gold One International Limited (Gold One) on 28 November 2011,
BCX Gold Investment Holdings Ltd`s (BCX Gold) cash offer of $A0.55 per existing
Gold One share (Offer) is now unconditional. The Offer Period is currently
scheduled to end on Thursday, 15 December 2011, with Offer consideration being
paid to all accepting Gold One shareholders five Business Days after the Offer
closes, currently Friday, 23 December 2011. BCX Gold is excited at the prospect
of concluding the Transaction now that the Offer has become unconditional.
BCX Gold does not intend to extend the closing date of the Offer beyond the
scheduled closing date of 15 December 2011.
The only circumstances in which the closing date of the Offer will be extended
is by reason of operation of the Corporations Act, for example if BCX Gold`s
voting power in Gold One increases to more than 50% within the last 7 days of
the Offer Period.
If BCX Gold`s voting power in Gold One increases to more than 50% after
Thursday, 8 December 2011 and on or before Thursday, 15 December 2011, then the
Offer Period will automatically be extended by 14 days from the date of that
increase to close, at the latest, on Thursday, 29 December 2011. If an increase
in voting power to more than 50% occurs on or before Thursday, 8 December 2011
there will be no such extension.
Even if the Offer Period is extended, BCX Gold confirms that, for those Gold One
shareholders who have already accepted the Offer or who now accept the Offer on
or before Wednesday,7 December 2011, it will still pay their Offer consideration
on the currently scheduled payment date of Friday, 23 December 2011.
Defined terms in the Bidder`s Statement dated 3 August 2011 have the same
meaning in this announcement.
Dated: 30 November 2011
Signed by Mr SUN Long on behalf of BCX Gold Investment Holdings Ltd.
Signed
SUN Long
Sole Director
UNQUOTE
Date: 01/12/2011 07:05:01 Produced by the JSE SENS Department.
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