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CENTRAL RAND GOLD LIMITED - Issue and Allotment of Ordinary Shares following Partial Exercise of Conversion Rights

Release Date: 16/08/2016 11:00:00      Code(s): CRD       PDF(s):  
Issue and Allotment of Ordinary Shares following Partial Exercise of Conversion 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)
LSE share code: CRND JSE share code: CRD
(“Central Rand Gold” or the “Company”)

Issue and Allotment of Ordinary Shares following partial Exercise of Conversion Rights

The Company hereby announces that it has received notice of partial exercise in respect of the
convertible securities previously entered into with Bergen Global Opportunity Fund, LP (“Bergen”) at a
conversion price of 1.0 pence, the details of which were announced to the market on 7 June 2016
pursuant to which 4,251,372 ordinary shares (the “Relevant Shares”) fall to be issued. Application has
therefore been made for the Relevant Shares to be admitted to trading on AIM and to the JSE Limited
with admission expected to take place on 19 August 2016. The Relevant Shares will rank pari passu in all
respects with all existing ordinary shares in the Company.

Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise
164,974,861 ordinary shares with voting rights. This figure of 164,974,861 ordinary shares 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 Disclosure Rules and Transparency Rules of the United Kingdom Listing Authority.

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

16 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: 16/08/2016 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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