Central Rand Gold Limited Issue of Equity (2819H)
August 16 2016 - 5:00AM
UK Regulatory
TIDMCRND
RNS Number : 2819H
Central Rand Gold Limited
16 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")
----------------------------------------------------
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").
This information is provided by RNS
The company news service from the London Stock Exchange
END
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