| Mon 19 Dec 2011, 7:10 | | GDO - Gold One International Limited - A$ 0.55 per share cash offer closed |
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GDO
GDO
GDO - Gold One International Limited - A$ 0.55 per share cash offer closed
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")
A$ 0.55 PER SHARE CASH OFFER CLOSED
A$ 150 MILLION SUBSCRIPTION TO BE COMPLETED BY YEAR-END
Gold One announced on 16 May, 2011, that it had entered into an agreement to
implement a transaction with a consortium of Chinese investors (the
"Consortium"), whereby the Consortium sought to become the major shareholder and
long term strategic partner of Gold One. The transaction comprised BCX Gold
Investment Holdings Limited ("BCX Gold"), a special purpose vehicle formed by
the Consortium, making a cash offer of A$ 0.55 per existing Gold One share
("Offer") and a minimum A$ 150 million capital injection into Gold One (the
"Transaction").
Gold One is pleased to advise that 71.28% of Gold One`s shareholders (including
bondholders and option-holders) have accepted the Offer. The Offer consideration
will be paid by BCX Gold to all accepting shareholders on Friday, 23 December,
2011.
This outcome paves the way for BCX Gold to complete a A$ 150 million
subscription for Gold One shares on Wednesday, 28 December, 2011, pursuant to
the terms of the Transaction, ensuring that Gold One is well funded to
accelerate its growth plans.
Following completion of the subscription, BCX Gold is expected to own
1,259,176,988 shares in Gold One (being 88.98% of Gold One`s issued share
capital on an undiluted basis and 87.40% on a fully diluted basis).
Commenting on the Transaction, Gold One President and CEO Neal Froneman
commented: "We are delighted to be finalising the Jintu transaction in 2011 and
look forward to commencing 2012 in partnership with our new major shareholder
and long term strategic partner. With significant cash flows from our Modder
East operation, a strong cash balance, no debt and the acquisition of Rand
Uranium scheduled to complete in early 2012, we are very excited about Gold
One`s future prospects."
Johannesburg
19 December 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued by Gold One International Limited
www.gold1.co.za
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 currently has an issued share capital of 1,040,189,093 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: 19/12/2011 07:10:26 Produced by the JSE SENS Department.
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