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CENTRAL RAND GOLD LIMITED - Temporary suspension from trading on AIM and AltX

Release Date: 30/05/2014 10:00:00      Code(s): CRD       PDF(s):  
Temporary suspension from trading on AIM and AltX

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 2007/0192231/10)
ISIN: GG00B92NXM24
LSE share code: CRND JSE share code: CRD
("Central Rand Gold" or the “Company”)


Temporary Suspension from Trading on AIM and AltX




The Board of Central Rand Gold Limited announces that it has requested that
trading of the ordinary shares of the Company on the AIM Market and AltX be
temporarily suspended pending clarification from the Company’s auditors of the
accounting treatment of the Redstone Convertible Loan in the audited accounts
for the year ended 31 December 2013.

In the unaudited financial statements released on 16 May 2014, an element of the
Redstone Convertible Loan Note was treated as equity. However, on a technical
review from the auditors as the audit process was finalised this element has
been reclassified as a derivative liability with a consequential impact on the
Company’s results.

The Board will announce the revised audited accounts for the year ended 31
December 2014 as soon as is practicable.


For further information, please contact:
Central Rand Gold                              +27 (0) 11 674 2304
Johan du Toit / Patrick Malaza


Charles Stanley Securities Limited             +44 (0) 20 7149 6478
Marc Milmo / Mark Taylor


Merchantec Capital                             +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves

Buchanan                                       +44 (0) 20 7466 5000
Bobby Morse / Louise Mason

Jenni Newman Public Relations                  +27 (0) 11 506 7351
Proprietary Limited
Jenni Newman


Johannesburg
30 May 2014

Sponsor
Merchantec Capital

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