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

Release Date: 31/01/2012 08:00
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 announcement released by Gold One and Goliath Gold on Wednesday, 28 September 2011, and the circular to shareholders dated Friday, 25 February 2011 ("circular"), and using the terms defined in the previous joint announcement and circular unless otherwise stated, Shareholders are advised that the DMR has consented to the transfer of the mining and prospecting licences in terms of section 11 of the MPRD Act. The remaining conditions precedent to the Acquisition are administrative in nature and are expected to be fulfilled shortly. Therefore, the Parties have agreed to further extend the deadline in relation to the fulfillment of these remaining conditions precedent from 31 January 2012 to 29 February 2012 (the "extension"). 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. 31 January 2012 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 Grant Stuart Investor Relations +27 11 726 1047 (office) +27 82 602 5992 (mobile) grant.stuart@gold1.co.za On behalf of Gold One: On behalf of Goliath Gold: JSE Sponsor, Transaction Sponsor and JSE Sponsor and Corporate Adviser: Transaction Adviser: Merchantec Capital Macquarie First South Capital (Pty) Transaction Sponsor Limited Macquarie First South Capital (Pty) Limited
Weltevreden Park Weltevreden Park Website: www.gold1.co.za Website: www.goliathgold.co.za Date: 31/01/2012 08:00:20 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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