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GDO - Gold One - BCX Gold`s interest exceeds 50%

Release Date: 08/12/2011 07:05
Code(s): GDO
Wrap Text

GDO - Gold One - BCX Gold`s interest exceeds 50% Gold One International Limited Registered in Western Australia under the Corporations Act, 2001 (Cth) with registration number ACN: 094 265 746 (Registered in South Africa as an external company with registration number 2009/000032/10) ISIN: AU000000GDO5 Share Code on the ASX/JSE: GDO OTCQX International: GLDZY ("Gold One" or the "company") BCX Gold`s interest exceeds 50% Gold One is pleased to announce that, further to the announcement released by the Company on Thursday, 1 December 2011, it has received notification from BCX Gold Investment Holdings Limited ("BCX Gold") that it has acquired over the fifty percent voting power in Gold One as a result of acceptances received under BCX Gold`s A$0.55 per share takeover offer for Gold One shares ("Offer"). BCX Gold has confirmed to Gold One that the period for which the Offer is open for acceptance by Gold One shareholders (the "Offer Period") will not be extended. The Offer Period will close on Thursday, 15 December 2011 and the Offer consideration will be paid to all accepting Gold One shareholders five Business Days after the Offer closes, being Friday, 23 December 2011. For the detailed timetable relating to the Offer Gold One shareholders are referred to the announcement released on Monday, 28 November 2011. Defined terms in the Target`s Statement dated Wednesday, 03 August 2011, have the same meaning in this announcement. Johannesburg 08 December 2011 JSE Sponsor Macquarie First South Capital (Pty) Limited Issued by Gold One International Limited www.gold1.co.za 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 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 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 1 100 people. 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 869,707,111 shares. This news release does not constitute investment advice. Neither this news release nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of securities in any jurisdiction. Date: 08/12/2011 07:05:30 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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