WITWATERSRAND CONS GOLD RESOURCES - Renewal of cautionary announcement regarding the offer by wits gold for the acquisition of southgold exploration pro

Release Date: 17/02/2014 16:00
Code(s): WGR
 
Wrap Text
Renewal of cautionary announcement regarding the offer by wits gold for the acquisition of southgold exploration pro

WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
("Wits Gold” or the “Company")

RENEWAL OF CAUTIONARY ANNOUNCEMENT REGARDING THE OFFER BY WITS GOLD FOR THE
ACQUISITION OF SOUTHGOLD EXPLORATION PROPRIETARY LIMITED

Further to the cautionary announcements by the Company released on SENS and
filed on SEDAR dated Monday, 6 January 2014, Tuesday, 12 November 2013,
Tuesday, 1 October 2013, Monday, 19 August 2013, Friday, 5 July 2013, and
Friday, 21 June 2013, shareholders are advised that the definitive
transaction agreements relating to the offer by Wits Gold to acquire
Southgold Exploration Proprietary Limited (the “Offer”) are still being
negotiated which may have a material effect on the price at which the
Company’s securities trade. Shareholders are therefore advised to continue
to exercise caution when dealing in Wits Gold’s securities until a further
announcement is made.

Upon the detailed transaction agreements pertaining to the Offer having
been finalised, a full terms announcement including the pro forma financial
effects of the Offer on the reported financial information of Wits Gold, as
well as the salient dates and times relating to the implementation of the
Offer, including the effective date, will be announced to shareholders.

Shareholders are further referred to the joint Firm Intention Announcement
by Sibanye Gold Limited and Wits Gold, dated 11 December 2013, as well as
further announcements by the Company, dated 13 December 2013 and 12
February 2014 respectively, as released on SENS and filed on SEDAR, and are
advised that, should the Scheme be approved by shareholders and
consequently be implemented, an application will be made to the relevant
authorities for the delisting of all Wits Gold shares from the JSE Limited
and the Toronto Stock Exchange, the termination of the Wits Gold American
Depository Receipt programme, and for Wits Gold to cease being a reporting
issuer in Canada.


Johannesburg
17 February 2014

Corporate Adviser
Qinisele Resources Proprietary Limited

Lead JSE Sponsor
Macquarie First South Capital Proprietary Limited

JSE Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited

South African Legal Adviser
Brink Falcon Hume Inc
Canadian Legal Adviser
Stikeman Elliott

For further information please contact:
Philip Kotze                    Hethen Hira
Chief Executive Officer         Vice President: Corporate Affairs
Tel: +27 11 832 1749            Tel: +27 11 832 1749

www.witsgold.com

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