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GDO/GGM - Gold One/Goliath Gold - Further update on the acquisition by Goliath

Release Date: 28/09/2011 07:47
Code(s): GDO GGM
Wrap Text

GDO/GGM - Gold One/Goliath Gold - Further update on the acquisition by Goliath Gold of Gold One`s Megamine assets 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") GOLIATH GOLD MINING LIMITED (Formerly White Water Resources Limited) Incorporated in the Republic of South Africa (Registration number 1933/004523/06) Share code: GGM ISIN: ZAE000154753 ("Goliath Gold") FURTHER UPDATE ON THE ACQUISITION BY GOLIATH GOLD OF GOLD ONE`S MEGAMINE ASSETS Further to the joint announcements released by Gold One and Goliath Gold on 13 October 2010, 12 November 2010, 25 February 2011, 22 March 2011 and 20 June 2011 respectively, and using the terms defined in those announcements unless otherwise stated, Shareholders are advised that the Parties have agreed to extend the deadline in relation to the fulfillment of the remaining conditions precedent to the Acquisition from 30 September 2011 to 31 January 2012 (the "extension"). The extension is due to certain regulatory approvals being outstanding such as the approval of the cession of the Wit Nigel Prospecting Right by the DMR under section 11 of the South African Minerals and Petroleum Resources Development Act, 2002 (Act 28 of 2002). Shareholders will be advised of the revised salient dates and times relating to the Acquisition in due course, pending the fulfillment or waiver, as the case may be, of the remaining conditions precedent to the Acquisition. Jointly issued by Gold One and by Goliath Gold. 28 September 2011 JSE Sponsor, Transaction Sponsor and Transaction Adviser Macquarie First South Capital (Pty) Limited For further information contact: GOLD ONE Neal Froneman President and Chief Executive Officer +27 11 726 1047 (office) +27 83 628 0226 (mobile)
Carol Smith Investor Relations +27 11 726 1047 (office) +27 82 338 2228 (mobile) carol.smith@gold1.co.za Ilja Graulich Investor Relations Manager +27 11 726 1047 (office) +27 83 604 0820 (mobile) ilja.graulich@gold1.co.za On behalf of Gold One: On behalf of Goliath Gold: JSE Sponsor, Transaction Sponsor and JSE Sponsor and Corporate Transaction Adviser:Macquarie First Adviser:Merchantec Capital South Capital (Pty) Limited Transaction SponsorMacquarie First South Capital (Pty) Limited
Weltevreden Park Weltevreden Park Website: www.gold1.co.za Website: www.goliathgold.co.za Date: 28/09/2011 07:47:01 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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