CENTRAL RAND GOLD LIMITED - Results of Open OfferRelease Date: 16/01/2014 10:42:00 Code(s): CRD PDF(s):
Results of Open Offer
Central Rand Gold Limited
(Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108)
(Incorporated as an external company with limited liability under the laws of South Africa, Registration number
LSE share code: CRND JSE share code: CRD
(“Central Rand Gold” or the “Company”)
Results of Open Offer
Central Rand Gold is pleased to announce that it has received valid applications from Qualifying
Shareholders in respect of 7,396,783 Open Offer Shares, representing approximately 38.53 per cent.
of the Open Offer Shares available pursuant to the Open Offer.
11,799,282 Open Offer Shares not applied for by Qualifying Shareholders under the Open Offer will
be taken up by Placees under the terms of the Placing and the Subscription. 19,196,065 new
Ordinary Shares have therefore been allotted and issued by the Company raising gross proceeds of
Application has been made for 19,196,065 new Ordinary Shares to be admitted to trading on AIM and
on AltX. It is expected that trading in the 19,196,065 new Ordinary Shares will become effective on
AIM at 8.00 a.m. on 20 January 2014 and will become effective on AltX at 9.00 a.m. (South African
time) on 20 January 2014. The new Ordinary Shares will rank pari passu with the existing Ordinary
Shares of the Company. Following Admission, the total issued share capital of the Company will be
51,189,508 Ordinary Shares.
Pursuant to the terms of the Option Agreement dated 2 August 2013, Redstone Capital will have a
period of 60 days from 20 January 2014 to subscribe for up to 32,605,167 new Ordinary Shares at a
price of 8.78 pence per Ordinary Share. The Directors believe that Redstone Capital intends to
subscribe for 32,605,167 new Ordinary Shares under the terms of the Option Agreement.
Johan du Toit, Chief Executive Officer, commented: “I would like to thank our existing shareholders for
their continued support demonstrated by their contribution to this Open Offer. We are making good
progress with the previously announced improvements to our operations and continue to strive
towards increasing value to our new and existing shareholders”.
Capitalised terms used in this announcement have the same meanings given to them in the document
published by the Company on 6 December 2013.
For further information, please contact:
Central Rand Gold +27 (0) 87 310 4400
Johan du Toit / Patrick Malaza
Charles Stanley Securities Limited +44 (0) 20 7149 6000
Marc Milmo / Mark Taylor
Merchantec Capital +27 (0) 11 325 6363
Marcel Goncalves / Monique Martinez
Buchanan +44 (0) 20 7466 5000
Bobby Morse/Louise Mason
Jenni Newman Public Relations Proprietary Limited +27 (0) 11 506 735
16 January 2014
Charles Stanley Securities, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is
acting as nominated adviser and broker to Central Rand Gold for the purpose of the AIM Rules in connection with the Placing,
Subscription and Open Offer and, as such, its responsibilities are owed solely to the London Stock Exchange and are not owed
to the Company or to any Director or to any other person or entity. Charles Stanley Securities will not be responsible to any
person other than the Company for providing the protections afforded to clients of Charles Stanley Securities or for providing
advice to any other person in connection with the Placing, Subscription and Open Offer or any other matter referred to herein.
Charles Stanley Securities has not authorised the contents of, or any part of, this announcement, and no liability whatsoever is
accepted by Charles Stanley Securities for the accuracy of any information or opinions contained in this announcement or for
the omission of any material information.
This announcement does not constitute, or form part of the Placing, Subscription and Open Offer or any invitation to sell or
issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company nor shall this announcement or
any part of it, or the fact of its distribution, form the basis of, or be relied on, in connection with or act as any inducement to
enter into any contract or commitment whatsoever with respect to the Placing, Subscription and Open Offer or otherwise.
Date: 16/01/2014 10:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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