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GDO - Gold One International Limited - Namibian competition commission

Release Date: 06/09/2011 07:05
Code(s): GDO
Wrap Text

GDO - Gold One International Limited - Namibian competition commission grants unconditional approval for A$0.55 per share cash offer to Gold One shareholders Gold One International Limited Registered in Western Australia under the Corporations Act, 2001 (Cth) Registration number ACN: 094 265 746 Registered as an external company in the Republic of South Africa Registration number: 2009/000032/10 Share code on the ASX/JSE: GDO ISIN: AU000000GDO5 OTCQX International: GLDZY ("Gold One" or the "company") NAMIBIAN COMPETITION COMMISSION GRANTS UNCONDITIONAL APPROVAL FOR A$0.55 PER SHARE CASH OFFER TO GOLD ONE SHAREHOLDERS On 16 May 2011, Gold One announced that it had entered into an agreement to implement a transaction with a consortium of Chinese investors (the "Consortium") whereby the Consortium is seeking to become the major shareholder and long term strategic partner of Gold One. The transaction comprises a series of interdependent transactions, including a cash offer of A$0.55 per existing Gold One share and a minimum A$150 million capital injection into Gold One (the "Transaction"). Gold One is pleased to announce that it has been informed by the Consortium that the Namibian Competition Commission has unconditionally approved the Transaction in terms of section 47 (1) of the Competition Act, 2003 (Act No. 2 of 2003). All other remaining regulatory conditions precedent to the Transaction which include, inter alia, relevant Chinese approvals, are progressing well and in line with the anticipated timetable. ENDS Issued by Gold One International Limited www.gold1.co.za Parktown, Johannesburg 06 September 2011 JSE Sponsor Macquarie First South Capital (Pty) Limited On behalf of Gold One: Neal Froneman President and CEO +27 11 726 1047 (office) +27 83 628 0226 (mobile) neal.froneman@gold1.co.za Mark Wheatley Chairman +61 2 9963 6400 (office) +61 417 688 539 (mobile) mark.wheatley@gold1.com.au Ilja Graulich Investor Relations +27 11 726 1047 (office) +27 83 604 0820 (mobile) ilja.graulich@gold1.co.za Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za Derek Besier Farrington National Sydney +61 2 9332 4448 (office) +61 421 768 224 (mobile) derek.besier@farrington.com.au Sean Chilvers Macquarie Capital +27 11 583 2283 (office) +27 83 280 4101 (mobile) sean.chilvers@macquarie.com Grey Egerton-Warburton Hartleys +61 8 9268 2851 (office) +61 417 355 165 (mobile) grey_warburton@hartleys.com.au On behalf of the Consortium: Clement Kwong Long March Capital +86 108 515 1966 (office) +86 1860 218 9000 (mobile) clement@longmarchcapital.com Craig Forbes Rand Merchant Bank +27 11 282 1156 (office) +27 72 237 2001 (mobile) craig.forbes@rmb.co.za About Gold One Gold One is a gold producer listed on the financial markets operated by the ASX Limited and the JSE Limited, issuer code GDO. Its flagship operation is the newly built shallow Modder East mine on the East Rand, some 30 kilometres from Johannesburg. Modder East is the first new mine to be built in the region in 28 years and distinguishes itself from most of the other gold mines in South Africa owing to its shallow nature (300 metres to 500 metres below surface). To date Modder East has provided direct employment opportunities for over 1,500 people. Gold One also owns the nearby existing Sub Nigel mine, which is used primarily as a training centre in the build-up of Modder East to full production. Gold One`s other projects and targets include Ventersburg in the Free State Goldfields, the Tulo concession in Mozambique and the Etendeka greenfield project in Namibia. Gold One has an issued share capital of 809, 003, 092 shares. Date: 06/09/2011 07:05:01 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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