| Fri 30 Dec 2011, 7:06 | | GDO - Gold One International Limited - A$150 million subscription completed |
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GDO
GDO
GDO - Gold One International Limited - A$150 million subscription completed
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$150 MILLION SUBSCRIPTION COMPLETED
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 announce that it has issued and allotted 375,000,000
ordinary Gold One shares to BCX Gold pursuant to the terms of the Transaction
after receiving the requisite funds in respect of the A$150 million subscription
from the Consortium. Following completion of the subscription, BCX Gold now
holds 1,261,861,238 shares in Gold One (89.17%).
Commenting on the A$150 million subscription by BCX Gold, Gold One`s President
and CEO Neal Froneman stated "Today`s subscription is the final step in
completing the Jintu Transaction, which has been transformational for Gold One.
These funds, together with the significant ongoing cashflows from Modder East,
give us the financial capacity to take the next steps in continuing to build
Gold One into a significant international gold company".
ENDS
Johannesburg
30 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
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 1,415,189,093 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: 30/12/2011 07:06:01 Produced by the JSE SENS Department.
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