RANDGOLD & EXPLORATION COMPANY LTD - Update on settlement agreement with Paul Main
RNG 201212060056A
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
19 September 2012 regarding the settlement agreement entered into
with Mr Paul Main (“Mr Main”) and the extension of the date by
which payment had to be made by Mr Main in respect thereof.
Following the aforementioned announcement shareholders are hereby
advised that R&E and Mr Main had subsequently reached a further
agreement in terms of which the Company granted a further
extension to Mr Main for the payment of the final outstanding
instalment of $2 million, until the end of January 2013, subject
to Mr Main compensating R&E for the delay in paying such
instalment.
Sandton
06 December 2012
Sponsor:
PSG Capital
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