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CENTRAL RAND GOLD LIMITED - Subscription to Raise 200,000

Release Date: 19/06/2015 09:00:00      Code(s): CRD       PDF(s):  
Subscription to Raise £200,000

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”)


Central Rand Gold is pleased to announce that it is undertaken a subscription to raise £0.20 million
through the subscription of 2,000,000 new ordinary shares (“Subscription Shares”) at a price of 10
pence per ordinary share (the “Subscription”).

The proceeds of the Subscription will be used primarily to strengthen the Company’s balance sheet
and provide working capital in order to undertake continued surface mining operations, together with
the programmed plant upgrades and efficiency processes improvements. The upgrades and improved
efficiencies are intended to improve plant availability and recovery rates. The proceeds will also be
used to repay trade creditor balances relating to the closure of the Company’s underground mining
operations and complete the disposal of Central Rand Gold (Netherlands Antilles) N.V., as previously

Application has been made for the 2,000,000 Subscription Shares 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 24 June 2015 and thereafter on AltX. The Subscription 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 Subscription Shares, the total issued share capital of the Company will
increase to 95,195,808 ordinary shares. The Company does not hold any shares in treasury and
therefore the total number of voting rights is 95,195,808 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.

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

19 June 2015

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