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GGM - Goliath Gold Mining Limited - Results of acceptances of the mandatory

Release Date: 23/04/2012 07:05
Code(s): GGM
Wrap Text

GGM - Goliath Gold Mining Limited - Results of acceptances of the mandatory offer by Gold One Africa Limited, A wholly-owned subsidiary of Gold One International Limited 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") RESULTS OF ACCEPTANCES OF THE MANDATORY OFFER BY GOLD ONE AFRICA LIMITED, A WHOLLY-OWNED SUBSIDIARY OF GOLD ONE INTERNATIONAL LIMITED Shareholders are referred to the abridged pre-listing statement released on the Securities Exchange News Service on 20 March 2012, as well as the offer circular to shareholders dated Friday, 25 February 2011, wherein shareholders were advised of the mandatory offer by Gold One Africa Limited ("Gold One Africa"), a wholly-owned subsidiary of Gold One International Limited ("Gold One"), to minority Goliath Gold shareholders in terms of the Takeover Regulations published in terms of the Companies Act, 2008 (Act 71 of 2008), as amended, as a result of the change in control of the Company, pursuant to Gold One Africa acquiring a 71% interest in Goliath Gold (the "Mandatory Offer"). The Mandatory Offer closed on Friday, 20 April 2012. Shareholders are advised that Goliath Gold shareholders holding 1,215,300 Goliath Gold shares have accepted the Mandatory Offer. Consequently, 1,012,750 Gold One ordinary shares will be issued to accepting shareholders. Gold One Africa now has a shareholding of 106 107 247 Goliath Gold ordinary shares, constituting 72.01% of the Company`s issued share capital. Dematerialised shareholders who have accepted the Mandatory Offer will have their accounts at their Central Securities Depository Participant ("CSDP") or broker updated on or about, today, Monday, 23 April 2012. Certificated shareholders who have accepted the Mandatory Offer will have certificates in the name of Gold One posted by registered post provided their Goliath Gold share certificate/s were surrendered by 12:00 on Friday, 20 April 2012, alternatively, within five business days after receipt of such share certificate/s. Weltevreden Park 23 April 2012 Website: www.goliathgold.co.za JSE Transaction Sponsor and Transaction Adviser Macquarie First South Capital (Pty) Limited JSE Sponsor Merchantec Capital South African Legal Adviser Edward Nathan Sonnenbergs Date: 23/04/2012 07:05:04 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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