Central Rand Gold Limited Issue of Equity (9722F)
August 02 2016 - 5:00AM
UK Regulatory
TIDMCRND
RNS Number : 9722F
Central Rand Gold Limited
02 August 2016
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").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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