CAN Central A.G.

 

TIDMCAN 
 
RNS Number : 8229Q 
Central African Gold PLC 
20 April 2009 
 
Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 
20 April 2009 
Central African Gold plc ("CAG" or the "Company") 
Result of Extraordinary General Meeting ("EGM") 
 
 
Central African Gold Plc, the AIM quoted gold mining and exploration company, is 
pleased to announce that, at the EGM held earlier today, all resolutions were 
duly passed. Accordingly, the placing of 565,970,992 ordinary shares of 0.5 
pence each (the "Placing Shares"), at 1.00 penny per share to raise 
approximately GBP5.7 million before expenses, and the issue, following the 
partial conversion of convertible loan agreements, of a total of 267,264,079 
ordinary shares of 0.5 pence each (the "Conversion Shares") at 0.9 pence per 
share to ECP Africa Fund II PCC and Investec Asset Management (Proprietary) 
Limited (together, the "New Ordinary Shares") have become unconditional. 
 
 
The New Ordinary Shares will rank pari passu in all respects with the existing 
ordinary shares of the Company. Application has been made for the New Ordinary 
Shares to be admitted to trading on AIM ("Admission") and it is expected that 
Admission will become effective and dealings in the New Ordinary Shares will 
commence at 8 a.m. on 22 April 2009. 
 
 
Following Admission, the Company will have 1,004,085,968 ordinary shares in 
issue. 
 
 
CAG's Chairman Roy Lander said, "We are pleased to announce the completion of 
the placing, the funds from which will ensure that CAG can meet its financial 
obligations to Investec Bank Limited. The placing will also, together with the 
funds anticipated to be received from the proposed disposal of our Malian gold 
exploration assets, provide the working capital necessary for the Company 
to enhance the value of our remaining gold assets in Zimbabwe and Botswana." 
 
 
For further information please visit www.centralafricangold.com or contact: 
 
 
+------------------+--------------------------------+---------------------------+ 
| Roy Pitchford /  | Central African Gold Plc       | Tel: +44(0)77 9390 9985   | 
| Craig Campbell   |                                | Tel: +27(0)11 676 2500    | 
|                  |                                |                           | 
+------------------+--------------------------------+---------------------------+ 
| Stuart Faulkner/ | Strand Partners Limited        | Tel: +44(0)20 7409 3494   | 
| James Spinney    |                                |                           | 
|                  |                                |                           | 
+------------------+--------------------------------+---------------------------+ 
| Hugo de Salis /  | St Brides Media and Finance    | Tel: +44(0)20 7236 1177   | 
| Felicity Edwards | Ltd                            |                           | 
+------------------+--------------------------------+---------------------------+ 
 
 
Notes to Editors 
Central African Gold Plc is an established gold mining company with a portfolio 
of production and exploration assets in Africa. The Company has two subsidiaries 
in Zimbabwe: Falcon Gold Zimbabwe Limited (84.7 per cent. owned) and Olympus 
Gold Mines Limited (100 per cent. owned); three joint ventures in Mali covering 
17 prospective permits spanning approximately 2,600km² of the Birimian strata; 
and a licence in Botswana covering the extension of the Kraaipan greenstone belt 
from South Africa. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGSEDFSSSUSEFL 
 

Central African Gold (LSE:CAN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Central African Gold (LSE:CAN)
Historical Stock Chart
From Jul 2023 to Jul 2024