Central Rand Gold Limited Issue of Equity (4513E)

TIDMCRND

RNS Number : 4513E

Central Rand Gold Limited

18 July 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 4,192,320 new ordinary shares ("Conversion Shares") in respect of US$70,000 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 1.3 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 14 July 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 21 July 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 145,592,661 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 145,592,661.

The above figure of 145,592,661 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

Jenni Newman Public Relations Proprietary Limited +27 (0) 11 506 7351

Jenni Newman

18 July 2016

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