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CENTRAL RAND GOLD LIMITED - Part Conversion of Convertible Securities Issuance Deed, Issue of Equity and Total Voting Rights

Release Date: 02/08/2016 11:11:00      Code(s): CRD       PDF(s):  
Part Conversion of Convertible Securities Issuance Deed, Issue of Equity and Total Voting Rights

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 2007/019223/10)
ISIN: GG00B92NXM24
LSE share code: CRND JSE share code: CRD
(“Central Rand Gold” or the “Company”)


Part conversion of convertible securities issuance deed, Issue of Equity and Total Voting Rights


Central Rand Gold announces the issue of 4,341,608 new ordinary shares (“Conversion Shares”) in
respect of US$68,000 of convertible security pursuant to the convertible securities issuance deed entered
into with Bergen Global Opportunity Fund, LP (“Bergen”) as announced on 7 June 2016.

The conversion price is 1.2 pence per share, calculated as 90 per cent. of the average of five daily
Volume Weighted Average Prices, as selected by Bergen in its sole discretion, during the 20 consecutive
actual trading days immediately prior to 1 August 2016, rounded down to the nearest 0.1 pence.

Application will be made for the Conversion Shares, which will rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading on AIM and to the JSE Limited (“JSE”). It is
expected that admission will become effective and that trading on AIM and on AltX in the Conversion
Shares will commence on or around 5 August 2016 (“Admission”).

Total Voting Rights

In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company
hereby announces that following Admission it will have 154,360,223 ordinary shares of 0.1 pence each in
issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is
154,360,223.

The above figure of 154,360,223 may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required to notify their interest in, or a change in
their interest in, the share capital of 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
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
Monique Martinez / Marcel Goncalves


2 August 2016


The information communicated in this announcement is inside information for the purposes of Article 7
of Market Abuse Regulation 596/2014 ("MAR").

Date: 02/08/2016 11:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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