| Tue 20 Mar 2012, 7:06 | | GDO - Gold One International Limited - Acquisition by Goliath Gold of Gold |
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GDO
GDO
GDO - Gold One International Limited - Acquisition by Goliath Gold of Gold
One`s Megamine Assets unconditional and commencement of mandatory offer
GOLD ONE INTERNATIONAL LIMITED
Registered in Western Australia under the Corporations Act 2001 (Cth)
Registration number ACN: 094 265 746
Registered as an external company in the Republic of South Africa
Registration number: 2009/000032/10
Share code on the ASX/JSE: GDO
ISIN: AU000000GDO5
OTCQX International: GLDZY
("Gold One")
ACQUISITION BY GOLIATH GOLD OF GOLD ONE`S MEGAMINE ASSETS UNCONDITIONAL AND
COMMENCEMENT OF MANDATORY OFFER
Further to the joint announcement released on the Securities News Exchange
Service ("SENS") by Gold One and Goliath Gold Mining Limited ("Goliath Gold")
on Thursday, 01 March 2012, and using the terms defined in previous
announcements unless otherwise stated, shareholders are advised that all the
conditions precedent regarding the Acquisition have now been fulfilled or
waived. The Acquisition is now unconditional and the Mandatory Offer will
commence on Wednesday, 28 March 2012.
Shareholders are referred to the abridged pre-listing statement containing the
salient dates and times regarding the Mandatory Offer, released by Goliath
Gold on SENS earlier today, 20 March 2012, for further information.
Johannesburg
20 March 2012
JSE Sponsor
Macquarie First South Capital (Pty) Limited
South African Legal Advisor:
Edward Nathan Sonnenbergs
For further information contact:
GOLD ONE
Neal Froneman
President and Chief Executive Officer
+27 11 726 1047 (office)
+27 83 628 0226 (mobile)
Grant Stuart
Investor Relations
+27 10 591 5219 (office)
+27 82 602 5992 (mobile)
grant.stuart@gold1.co.za
Carol Smith
Investor Relations
+27 11 726 1047 (office)
+27 82 338 2228 (mobile)
carol.smith@gold1.co.za
About Gold One
Gold One is a dual listed mid-tier mining group with gold operations and gold
and uranium prospects across Southern Africa. Gold One remains focused on
developing and mining low technical risk, high margin precious metal resources
in diversified jurisdictions. The company`s flagship Modder East gold mine,
commissioned in 2009,distinguishes itself from most other gold mines in South
Africa owing to its shallow nature (300 to 500 metres below surface) and
continues to ramp up production, having produced 123,179 ounces in 2011.
At the beginning of 2012, the group expanded further with the acquisition of
Rand Uranium (Pty) Limited consisting of the Cooke Underground Operations and
the Randfontein Surface Operations located in the West Rand, 30 kilometres
from Johannesburg. The Cooke underground operations continue to deliver in
line with expectations and are currently the subject of a turnaround
intervention. Through Gold One`s purchase of Rand Uranium (Pty) Limited, the
group has also acquired one of the world`s most advanced uranium projects,
which envisages recovering uranium, gold and sulphur from the Cooke Tailings
Dam and underground ores.
The Gold One group is majority-owned by a consortium comprising Baiyin Non-
Ferrous Group Co. Limited, the China-Africa Development Fund, and Long March
Capital Limited and has an issued share capital of 1,415,302,711 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: 20/03/2012 07:06:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
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,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
