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GDF - Further gambling board approval received in the proposed merger of Gold

Release Date: 19/01/2011 16:56
Code(s): GDF
Wrap Text

GDF - Further gambling board approval received in the proposed merger of Gold Reef and Tsogo Sun Holdings (Proprietary) Limited ("Tsogo") Gold Reef Resorts Limited (Incorporated in the Republic of South Africa) Registration number 1989/002108/06 Share Code: GDF ISIN: ZAE000028338 ("Gold Reef") FURTHER GAMBLING BOARD APPROVAL RECEIVED IN THE PROPOSED MERGER OF GOLD REEF AND TSOGO SUN HOLDINGS (PROPRIETARY) LIMITED ("TSOGO") Gold Reef shareholders are referred to the announcements published by Gold Reef on the Securities Exchange News Service of the JSE Limited on 18 February 2010, 1 April 2010, 26 April 2010, 6 May 2010, 4 October 2010 , 15 November 2010 and 3 December 2010 as well as the circular dated 3 April 2010 detailing the terms of the proposed merger of the respective Tsogo and Gold Reef gaming and hotel businesses through the acquisition by Gold Reef of the entire issued share capital of Tsogo from Tsogo Investment Holding Company (Proprietary) Limited ("TIH") and SABSA Holdings (Proprietary) Limited ("SABSA") in exchange for the issue of shares in Gold Reef to each of TIH and SABSA (`the Proposed Merger"). Shareholders are advised that the approval, for the acquisition of a financial interest arising from the Proposed Merger, has now been received from the Eastern Cape Gambling & Betting Board. This approval is in addition to the approvals already granted by the Gauteng Gambling Board, the KwaZulu- Natal Gambling Board, the Mpumalanga Gambling Board and the Western Cape Gambling and Racing Board as announced to shareholders on 15 November 2010 and 3 December 2010. Further announcements will be made as and when appropriate. Johannesburg 19 January 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited Legal adviser Edward Nathan Sonnenbergs Inc Date: 19/01/2011 16:56:01 Supplied by www.sharenet.co.za 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.

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