| Mon 23 Apr 2012, 7:05 | | GGM - Goliath Gold Mining Limited - Results of acceptances of the mandatory |
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GGM
GGM
GGM - Goliath Gold Mining Limited - Results of acceptances of the mandatory
offer by Gold One Africa Limited, A wholly-owned subsidiary of Gold One
International Limited
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")
RESULTS OF ACCEPTANCES OF THE MANDATORY OFFER BY GOLD ONE AFRICA LIMITED, A
WHOLLY-OWNED SUBSIDIARY OF GOLD ONE INTERNATIONAL LIMITED
Shareholders are referred to the abridged pre-listing statement released on the
Securities Exchange News Service on 20 March 2012, as well as the offer
circular to shareholders dated Friday, 25 February 2011, wherein shareholders
were advised of the mandatory offer by Gold One Africa Limited ("Gold One
Africa"), a wholly-owned subsidiary of Gold One International Limited ("Gold
One"), to minority Goliath Gold shareholders in terms of the Takeover
Regulations published in terms of the Companies Act, 2008 (Act 71 of 2008), as
amended, as a result of the change in control of the Company, pursuant to Gold
One Africa acquiring a 71% interest in Goliath Gold (the "Mandatory Offer").
The Mandatory Offer closed on Friday, 20 April 2012.
Shareholders are advised that Goliath Gold shareholders holding 1,215,300
Goliath Gold shares have accepted the Mandatory Offer.
Consequently, 1,012,750 Gold One ordinary shares will be issued to accepting
shareholders. Gold One Africa now has a shareholding of 106 107 247 Goliath
Gold ordinary shares, constituting 72.01% of the Company`s issued share capital.
Dematerialised shareholders who have accepted the Mandatory Offer will have
their accounts at their Central Securities Depository Participant ("CSDP") or
broker updated on or about, today, Monday, 23 April 2012.
Certificated shareholders who have accepted the Mandatory Offer will have
certificates in the name of Gold One posted by registered post provided their
Goliath Gold share certificate/s were surrendered by 12:00 on Friday, 20 April
2012, alternatively, within five business days after receipt of such share
certificate/s.
Weltevreden Park
23 April 2012
Website: www.goliathgold.co.za
JSE Transaction Sponsor and Transaction Adviser
Macquarie First South Capital (Pty) Limited
JSE Sponsor
Merchantec Capital
South African Legal Adviser
Edward Nathan Sonnenbergs
Date: 23/04/2012 07:05:04 Produced by the JSE SENS Department.
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