Central Rand Gold Limited Iprop Dispute Update (1686H)

TIDMCRND

RNS Number : 1686H

Central Rand Gold Limited

05 June 2017

 
             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") 
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                Iprop Dispute Update 
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iProp Dispute Update

Shareholders are referred to the announcements dated 17 May 2017 and 22 May 2017 (and using the terms defined therein unless otherwise stated) pertaining to, inter alia, the iProp Dispute, and are hereby advised that iProp has subsequently withdrawn the application, and each company will bear their own legal costs.

The Company's cash position remains challenging, and the directors of the Company ("Directors") continue to make every effort to secure financing solutions. The Directors are considering a number of solutions, which may include the sale of the Company's operating assets. The Company's shares will remain suspended for the time being pending further developments.

For further information, please contact:

Central Rand Gold +27 (0) 87 310 4400

Lola Trollip

ZAI Corporate Finance Ltd - Nominated Adviser & Broker +44 (0) 20 7060 2220

John Treacy

Brandon Hill Capital Limited - Broker +44 (0) 20 3463 5000

Jonathan Evans / Wei Jiao

Merchantec Capital - JSE Sponsor +27 (0) 11 325 6363

Monique Martinez / Marcel Goncalves

Johannesburg

5 June 2017

The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").