Randgold & Expl Co Ltd - UPDATE ON SETTLEMENT AGREEMENT WITH PAUL MAIN
RNG
UPDATE ON SETTLEMENT AGREEMENT WITH PAUL MAIN
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
("R&E" or "the Company")
UPDATE ON SETTLEMENT AGREEMENT WITH PAUL MAIN
Shareholders are referred to the announcement released on SENS on
23 May 2012 regarding the settlement agreement entered into with
Paul Main.
R&E and Paul Main, as the defendant, had subsequently reached a
further agreement in terms of which R&E granted an extension to
Paul Main for payment of the final outstanding installment of $2
million, until the end of August, subject to Main compensating R&E
for the delay in paying such installment to R&E.
Sandton
06 July 2012
Sponsor:
PSG Capital Proprietary Limited
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