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CENTRAL RAND GOLD LIMITED - Results of Extraordinary General Meeting

Release Date: 17/06/2015 16:30:00      Code(s): CRD       PDF(s):  
Results of Extraordinary General Meeting

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”)

RESULTS OF EXTRAORDINARY GENERAL MEETING

Central Rand Gold is pleased to announce that at the Company's Extraordinary General Meeting, held
earlier today, the resolution to approve the issue and allotment of 2,550,000 placing shares and
3,465,000 subscription shares on a non-pre-emptive basis and in each case at an issue price of 10
pence per ordinary share (the "New Ordinary Shares") was duly passed without amendment as outlined
below:

RESOLUTION                                               NO. OF VOTES                           %
For                                                        17,015,201                       99.12
Against                                                       150,392                        0.88
Abstained                                                  12,989,931                           -

Application has been made for the 6,015,000 New Ordinary Shares issued pursuant to the placing and
the subscription to be admitted to trading on AIM and on AltX (“Admission”). It is expected that
Admission will become effective on AIM at 8.00 a.m. (UK time) on 18 June 2015 and thereafter on AltX.
The New Ordinary Shares will, when issued and fully paid, rank pari passu with the existing ordinary
shares, including the right to receive all dividends and other distributions declared, made or paid after
the date of Admission.

Following Admission of the New Ordinary Shares, the total issued share capital of the Company will
increase to 93,195,808 ordinary shares. The Company does not hold any shares in treasury and
therefore the total number of voting rights is 93,195,808 ordinary shares. This figure may be used by
shareholders as the denominator for the calculations by which they will determine if they are required
to notify their interest in, or a charge to their interest in, the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.

Redstone Capital Limited

Following the placing and the subscription, the Redstone Capital Limited (“Redstone”) concert party will
be interested in 13.73 per cent. of the Company's enlarged issued share capital. The holdings of the
Redstone concert party post-Admission and on the assumption of the full conversion of Redstone's
Loan Notes and Warrants into ordinary shares will be as follows:


                                                         Following Full Conversion         Following Full Conversion of
                  Following Admission                                of Loan Notes                             Warrants
                                                                                                 

                        No. of Shares            %        No. of Shares          %         No. of Shares              %
Redstone*                  12,791,300       13.73%           66,973,736     45.44%            92,264,954         53.43%

*Nathan Taylor and Jason Hou, directors of Central Rand Gold, are also shareholders in Redstone
Capital and therefore have a beneficial interest in the shares held by Redstone Capital.


For further information, please contact:
Central Rand Gold                                                                            +27 (0) 87 310 4400
Johan du Toit / Nathan Taylor
Charles Stanley Securities – Nominated Adviser                                              +44 (0) 20 7149 6000
Marc Milmo / Mark Taylor
Merchantec Capital – JSE Sponsor                                                             +27 (0) 11 325 6363
Marcel Goncalves / Monique Martinez

Jenni Newman Public Relations Proprietary Limited                                             +27 (0) 11 506 735
Jenni Newman


Johannesburg
17 June 2015



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 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 or any other matter referred to herein. Charles Stanley Securities has not authorised the contents of, or any part
of, this document, and no liability whatsoever is accepted by Charles Stanley Securities for the accuracy of any information or
opinions contained in this document or for the omission of any material information.

This announcement does not constitute, or form part of the Placing 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 or otherwise.

Date: 17/06/2015 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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