CENTRAL RAND GOLD LIMITED - Central Rand Gold South Africa (Pty) Ltd ("CRG SA") to Defend Application Made by Puno Gold Investments (Pty) Ltd

Release Date: 03/05/2016 09:00:00      Code(s): CRD       PDF(s):  

Central Rand Gold South Africa (Pty) Ltd ("CRG SA") to Defend Application Made by Puno Gold Investments (Pty) Ltd

Central Rand Gold Limited
(Incorporated as a company with limited liability under the laws of Guernsey,
Company Number 45108)
Registration number 2007/0192231/10)
ISIN: GG00B92NXM24
LSE share code: CRND JSE share code: CRD
("Central Rand Gold" or the “Company”)


CENTRAL RAND GOLD SOUTH AFRICA PROPRIETARY LIMITED ("CRG SA") TO DEFEND APPLICATION MADE BY 
PUNO GOLD INVESTMENTS PROPRIETARY LIMITED TO WIND-UP CRG SA


The board of directors of Central Rand Gold Limited (“the Board”) wishes to advise shareholders that it has
received correspondence from Puno Gold Investments Proprietary Limited (“Puno”) relating to an application
made by Puno to wind-up CRG SA (the “Application”). CRG SA is the Central Rand Gold Group's principal
operating subsidiary, holding all of Central Rand Gold's mining and prospecting rights.

Given the recent finding of the High Court of South Africa to uphold the Company’s appeal with costs in relation
the dispute with Puno, as announced on 11 April 2016, the Board believes this to be the latest strategy from
Puno to frustrate the operations of the Company.

The Board considers the Application to be without merit and has engaged legal advisers to defend the action.
Shareholders will be kept fully informed as the matter progresses.



For further information, please contact:

Central Rand Gold                                                                   +27 (0) 87 310 4400
Lola Trollip / Nathan Taylor

Panmure Gordon (UK) Limited – Nominated Adviser & Broker                           +44 (0) 20 7886 2977
Adam James / James Greenwood

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

3 May 2016

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