CAN Central A.G.

 

TIDMCAN 
 
RNS Number : 9580D 
Central African Gold PLC 
11 December 2009 
 

Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 
11 December 2009 
Central African Gold Plc ('CAG' or 'the Company') 
Directorate Changes 
 
 
Central African Gold Plc, the AIM quoted gold mining and exploration company, 
announces that Roy Lander, CAG's Chairman, has stepped down from the Board 
with immediate effect, for personal reasons. 
 
 
Accordingly, the Company's CEO, Roy Pitchford, will assume the role of acting 
Chairman and CEO 
whilst the Company continues the process to recruit a full 
time Chairman. 
 
 
A further announcement on this matter will be made in due course. 
 
 
Additionally, Bryce Fort has been appointed to the board of CAG ('the Board') as 
a non-executive Director, with immediate effect, replacing Navid Burney as ECP's 
representative on the Board. 
 
 
Mr. Fort is a Managing Director and a founding partner of Emerging Capital 
Partners which spun out of Emerging Markets Partnership in 2005. Emerging 
Capital Partners manages six funds totalling over 
 US$1.6 billion and is a 
leading private equity company focussed exclusively on Africa. Mr. Fort is 
responsible for identifying, analysing, and recommending investments, performing 
due diligence and leading transaction teams and is also involved with operations 
and strategies related to the management company. Previously he worked for 
Deutsche Bank AG's European Healthcare Corporate Finance Group which executed 
mergers and acquisitions, equity and debt financings for pharmaceutical, biotech 
and medical device companies. 
 
 
Under the provisions of the Company's articles of association, Mr Fort, as a 
Director appointed by the Board, shall hold office as a Director until the 
conclusion of the Company's AGM and shall then be eligible for re-election. 
 
 
A date for CAG's AGM will be set once the Company's annual report and accounts 
for the year ended 31 December 2008 and the Interim Results for the six months 
ended 30 June 2009 (together 'the Financial Reports') are finalised by the 
Company and its auditors.  CAG is continuing to work with its auditor, KPMG 
Audit Plc, to finalise, the Financial Reports and the Company expects that the 
Financial Reports will be published before 25 December 2009. 
 
 
The Board notes that should the Company not publish its Results by 25 December 
2009, it may be mandatorily delisted pursuant to Rule 41 of the AIM Rules. 
 
 
Once the Financial Reports are published, the Board anticipates that trading in 
the Company's shares on the AIM market of the London Stock Exchange will 
recommence. 
 
 
Roy Pitchford, Chief Executive of the Company said, "I would like to take this 
opportunity, on behalf of the Company, to thank Roy Lander for his services to 
CAG and support he has provided to the Board, particularly during CAG's recent 
difficulties, and wish him well in his future endeavours.  I would also like to 
welcome Bryce Fort to the Board and believe he will provide valuable assistance 
to CAG, particularly in view if his extensive investment experience in Africa." 
 
 
Further information required by AIM Rules for Companies 
 
 
The following information is provided in accordance with paragraph (g) of 
Schedule 2 of the AIM 
  Rules for Companies. 
 
 
Mr. Fort, aged 30, is a director or has been a director of the following 
companies during the previous five years: 
 
 
+------------------------------------+------------------------------------+ 
| Current Directorships or           | Past Directorships held within the | 
| partnerships                       | last five years                    | 
+------------------------------------+------------------------------------+ 
| Falcon Gold Zimbabwe Limited       | none                               | 
| Cellcom Limited                    |                                    | 
| Wananchi Group Holdings Limited    |                                    | 
+------------------------------------+------------------------------------+ 
 
 
There are no other matters which are required to be announced with regard to 
this appointment under paragraph (g) of Schedule 2 of the AIM Rules. 
 
 
* * ENDS * * 
 
 
 
 
For further information please visit www.centralafricangold.com or contact: 
 
 
+----------------+------------------------------+-------------------------+ 
| Roy Pitchford  | Central African Gold Plc     | Tel: +44(0)77 9390 9985 | 
| / Craig        |                              | Tel: +27(0)11 317 3654  | 
| Campbell       |                              |                         | 
|                |                              |                         | 
+----------------+------------------------------+-------------------------+ 
| Stuart         | Strand Partners Limited      | Tel: +44(0)20 7409 3494 | 
| Faulkner/      |                              |                         | 
| James Spinney  |                              |                         | 
|                |                              |                         | 
+----------------+------------------------------+-------------------------+ 
| Hugo de Salis  | St Brides Media and Finance  | Tel: +44(0)20 7236 1177 | 
| / Felicity     | Ltd                          |                         | 
| Edwards        |                              |                         | 
+----------------+------------------------------+-------------------------+ 
 
 
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 436km² 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 
 
 BOAEAPAEFENNFFE 
 

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