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CENTRAL RAND GOLD LIMITED - Loan Agreement and Board Changes

Release Date: 29/01/2018 13:45:00      Code(s): CRD       PDF(s):  
Loan Agreement and Board Changes

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)
JSE share code: CRD
("Central Rand Gold" or “the Company")

Loan Agreement and Board Changes

Shareholders are referred to the announcement released on SENS on 16 January 2018 wherein
shareholders were advised that Central Rand Gold had entered into a new loan agreement with
Mr Jia Bang Wang for funding in the amount of US$300,000 (“Loan”) and notified of certain changes to
the board of directors the of Company. Shareholders are hereby provided with an update thereto.

Loan Agreement

Shareholders are advised that the Company has received the first tranche of the Loan in the amount of

Board Changes

The Board hereby confirms the following effective dates in terms of the changes to the Board
announced on SENS on 16 January 2018:

-   The appointments of Mr Li Pin Wang and Mr Weifan (“William”) Zhuang as Non-executive director and
    Executive director respectively are effective from 16 January 2018.

-   The resignations of Mr Simon Charles (Non-executive director), Mr James Normand (Non-executive
    director) and Mr John Treacy (Non-executive director) are effective from 26 January 2018.

In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, shareholders are further
advised that Mr Li Pin Wang has been appointed as the Chairman of the Company with effect from
26 January 2018.

For further information, please contact:

Central Rand Gold                                                                   +27(0) 87 310 4400
Mr William Zhuang

Merchantec Capital - JSE Sponsor                                                   +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves

29 January 2018

Date: 29/01/2018 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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