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Randgold & Expl Co Ltd - UPDATE ON SETTLEMENT AGREEMENT WITH PAUL MAIN

Release Date: 06/07/2012 17:00
Code(s): RNG
Wrap Text
Randgold & Exploration Company Limited 
(Incorporated in the Republic of South Africa) 
(Registration number 1992/005642/06) 
Share code: RNG 
ISIN: ZAE000008819 
("R&E" or "the Company") 


UPDATE ON SETTLEMENT AGREEMENT WITH PAUL MAIN 



Shareholders are referred to the announcement released on SENS on
23 May 2012 regarding the settlement agreement entered into with Paul Main.
R&E and Paul Main, as the defendant, had subsequently reached a
further agreement in terms of which R&E granted an extension to
Paul Main for payment of the final outstanding installment of $2
million, until the end of August, subject to Main compensating R&E for the delay in paying such installment to R&E. Sandton 06 July 2012 Sponsor: PSG Capital Proprietary Limited
Date: 06/07/2012 05:00:00 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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