| Mon 30 Apr 2012, 16:00 | | WGR - Witwatersrand Consolidated Gold Resources Limited - Further Cautionary |
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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 announcements released on the
Securities Exchange News Service on Monday, 30 January 2012 and Monday,12 March
2012, respectively, and using the terms defined in the Transaction announcement
unless otherwise stated, relating to the Acquisition Agreement entered into by
the Consortium with 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 from profits generated from 1 April
2012 to the Closing Date, hereinafter referred to as the "Transaction", 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
30 April 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
Russell and Associates: Charmane Russell
+27 11 880 3924
Date: 30/04/2012 16:00:01 Produced by the JSE SENS Department.
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