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CRD - Central Rand Gold Limited - Cancellation of mining right

Release Date: 27/09/2011 07:05
Code(s): CRD
Wrap Text

CRD - Central Rand Gold Limited - Cancellation of mining right Central Rand Gold Limited (Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108) (Incorporated as an external company with limited liability under the laws of South Africa, Registration number 2007/0192231/10) ISIN: GG00B24HM601 LSE share code: CRND JSE share code: CRD ("Central Rand Gold" or the "Company") CANCELLATION OF MINING RIGHT Central Rand Gold, the South African gold mining and exploration holding company, today announces that the Company has received notice from the Ministry of Mineral Resources cancelling its Mining Right. As such operations have ceased with immediate effect. The Mining Right has been cancelled as a result of the contravention of Section 47(1)(b) and Section 47(1)(d) of the Act regarding the Mining Work Programme and Social Labour Plan. The Company is consulting with its legal advisers with regards to next steps and a further announcement will be made in due course. For further information, please contact: Central Rand Gold +27 (0) 11 674 2304 Johan du Toit / Patrick Malaza Evolution Securities Limited +44 (0) 20 7071 4300 Chris Sim / Neil Elliot Merchantec Capital +27 (0) 11 325 6363 Roger Pitt / Monique Martinez Buchanan +44 (0) 20 7466 5000 Bobby Morse / James Strong Jenni Newman Public Relations (Proprietary) Limited +27 (0) 11 506 7351 Jenni Newman 27 September, 2011 Johannesburg JSE Sponsor Merchantec Capital Date: 27/09/2011 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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