| Thu 8 Dec 2011, 7:05 | | GDO - Gold One - BCX Gold`s interest exceeds 50% |
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GDO
GDO
GDO - Gold One - BCX Gold`s interest exceeds 50%
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")
BCX Gold`s interest exceeds 50%
Gold One is pleased to announce that, further to the announcement released by
the Company on Thursday, 1 December 2011, it has received notification from BCX
Gold Investment Holdings Limited ("BCX Gold") that it has acquired over the
fifty percent voting power in Gold One as a result of acceptances received under
BCX Gold`s A$0.55 per share takeover offer for Gold One shares ("Offer").
BCX Gold has confirmed to Gold One that the period for which the Offer is open
for acceptance by Gold One shareholders (the "Offer Period") will not be
extended. The Offer Period will close on Thursday, 15 December 2011 and the
Offer consideration will be paid to all accepting Gold One shareholders five
Business Days after the Offer closes, being Friday, 23 December 2011.
For the detailed timetable relating to the Offer Gold One shareholders are
referred to the announcement released on Monday, 28 November 2011.
Defined terms in the Target`s Statement dated Wednesday, 03 August 2011, have
the same meaning in this announcement.
Johannesburg
08 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
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 1 100 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 869,707,111 shares.
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.
Date: 08/12/2011 07:05:30 Produced by the JSE SENS Department.
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