| Fri 9 Dec 2011, 9:48 | | GGM - Goliath Gold Mining Limited - Change in financial year end |
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GGM
GGM
GGM - Goliath Gold Mining Limited - Change in financial year end
GOLIATH GOLD MINING LIMITED
(Formerly White Water Resources Limited)
Incorporated in the Republic of South Africa
(Registration number 1933/004523/06)
Share code: GGM ISIN: ZAE000154753
("Goliath Gold" or "the Company")
CHANGE IN FINANCIAL YEAR END
Shareholders are referred to paragraph 12 of the Goliath Gold Acquisition
Circular dated 25 February 2011 ("the Circular") regarding the acquisition by
Goliath Gold from Gold One Africa Limited ("Gold One Africa"), a wholly-owned
subsidiary of Gold One International Limited ("Gold One"), of the Megamine
Business (as defined in the Circular) ("the Acquisition"), wherein it was stated
that in order to simplify administration and reduce costs, and subject to the
Acquisition becoming unconditional, the 31 March year end of Goliath Gold would
be amended to coincide with the 31 December year end of its new majority
shareholder, Gold One Africa, with effect from the year ending 31 December 2011.
Shareholders are also referred to the announcement released on SENS on 28
September 2011 wherein they were advised that the deadline in relation to the
fulfillment of the remaining conditions precedent to the Acquisition had been
extended from 30 September 2011 to 31 January 2012 (the "extension").
The extension was due to certain regulatory approvals - such as the approval of
the cession of the Wit Nigel Prospecting Right by the South Africa Department of
Mineral Resources ("DMR") under section 11 of the South African Minerals and
Petroleum Resources Development Act, 2002 (Act 28 of 2002) - being outstanding.
However, as a result of the Company having received the first approval from the
DMR, with the remaining approvals expected to be received imminently, the
Goliath Gold board of directors has resolved to publish audited results for the
nine months ending 31 December 2011 on or before 31 March 2012.
Johannesburg
9 December 2011
Sponsor
Merchantec Capital
Date: 09/12/2011 09:48:26 Produced by the JSE SENS Department.
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