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GGM - Goliath Gold Mining Limited - Change in financial year end

Release Date: 09/12/2011 09:48
Code(s): GGM
Wrap Text

GGM - Goliath Gold Mining Limited - Change in financial year end 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" or "the Company") CHANGE IN FINANCIAL YEAR END Shareholders are referred to paragraph 12 of the Goliath Gold Acquisition Circular dated 25 February 2011 ("the Circular") regarding the acquisition by Goliath Gold from Gold One Africa Limited ("Gold One Africa"), a wholly-owned subsidiary of Gold One International Limited ("Gold One"), of the Megamine Business (as defined in the Circular) ("the Acquisition"), wherein it was stated that in order to simplify administration and reduce costs, and subject to the Acquisition becoming unconditional, the 31 March year end of Goliath Gold would be amended to coincide with the 31 December year end of its new majority shareholder, Gold One Africa, with effect from the year ending 31 December 2011. Shareholders are also referred to the announcement released on SENS on 28 September 2011 wherein they were advised that the deadline in relation to the fulfillment of the remaining conditions precedent to the Acquisition had been extended from 30 September 2011 to 31 January 2012 (the "extension"). The extension was due to certain regulatory approvals - such as the approval of the cession of the Wit Nigel Prospecting Right by the South Africa Department of Mineral Resources ("DMR") under section 11 of the South African Minerals and Petroleum Resources Development Act, 2002 (Act 28 of 2002) - being outstanding. However, as a result of the Company having received the first approval from the DMR, with the remaining approvals expected to be received imminently, the Goliath Gold board of directors has resolved to publish audited results for the nine months ending 31 December 2011 on or before 31 March 2012. Johannesburg 9 December 2011 Sponsor Merchantec Capital Date: 09/12/2011 09:48:26 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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