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WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources Limited - Further Cautionary
Announcement
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
("Wits Gold")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders of Wits Gold are referred to the announcement released on the
Securities Exchange News Service on Monday, 30 January 2012, relating to the
Sale of Shares and Claims Agreement (the "Acquisition Agreement") entered into
by Wits Gold together with Pan African Resources plc (the "Consortium") with
Harmony Gold Mining Company Limited ("Harmony"), to acquire 100% of Harmony`s
interest in Evander, for a total consideration of ZAR1.7 billion (approximately
C$221 million)less any distributions made by Evander to Harmony prior to the
Closing Date, hereinafter referred to as the "Transaction".
Shareholders are advised that the pro forma financial effects of the Transaction
are still being determined and may have a material effect on the price of Wits
Gold shares. Accordingly, shareholders are advised to continue to exercise
caution when dealing in Wits Gold securities until a further announcement is
made.
A further announcement will be released on the Securities Exchange News Service,
filed on SEDAR, and published in the South African press as soon as the pro
forma financial effects have been finalised.
Johannesburg
12 March 2012
JSE Sponsor to Wits Gold Limited
PricewaterhouseCoopers Corporate Finance (Pty) Limited
Transaction adviser and JSE Transaction Sponsor
Macquarie First South Capital (Pty) Limited
For further information contact:
Philip Kotze
CEO: Wits Gold
+27 11 832 1749
Hethen Hira
Executive, Investor Relations: Wits Gold
+27 11 832 1749
Russel and Associates: Nicola Taylor
+27 11 880 3924
Date: 12/03/2012 16:00:05 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
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