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CRD - Central Rand Gold Limited - Institution of court proceedings to

Release Date: 13/10/2011 08:00
Code(s): CRD
Wrap Text

CRD - Central Rand Gold Limited - Institution of court proceedings to review and set aside 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 ofSouth Africa, Registration number 2007/0192231/10) ISIN: GG00B24HM601 LSE share code: CRND JSE share code: CRD ("Central Rand Gold" or the "Company") INSTITUTION OF COURT PROCEEDINGS TO REVIEW AND SET ASIDE CANCELLATION OF MINING RIGHT On Wednesday, 12 October 2011, Ferreira Estate and Investment Company Limited ("FEIC"), the registered holder of the Company`s mining right under departmental reference number GP30/5/1/1/2/140MR ("Mining Right"), and a subsidiary of Central Rand Gold, instituted urgent motion proceedings in the North Gauteng High Court, Pretoria ("High Court") for relief to review and set aside the decision taken by the Minister of Mineral Resources ("the Minister") on Thursday, 22 September 2011 to cancel the Mining Right granted to FEIC. The Sheriff of the High Court was on the same day instructed to serve the application papers on the Minister and other departmental functionaries joined as co-respondents in the matter. The Minister and her co-respondents are to deliver any answering affidavits (should they wish to oppose the application) by Friday, 21 October 2011, whereafter FEIC will have an opportunity to reply thereto before the court hearing date, which is scheduled to take place in the first week of November 2011. A copy of the Notice of Motion setting out the type of relief being sought by FEIC in the High Court is available for download from the Company`s website: www.centralrandgold.com. 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 13 October 2011 Johannesburg JSE Sponsor Merchantec Capital Date: 13/10/2011 08:00:10 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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