Update re Disposal of Malian Assets
March 10 2010 - 12:16PM
UK Regulatory
TIDMCAN
RNS Number : 4066I
Central African Gold PLC
10 March 2010
Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining
10 March 2010
Central African Gold Plc ('CAG' or 'the Company')
Disposal of Malian Assets - Expected Date for Completion
Central African Gold Plc, the AIM quoted gold mining and exploration company, is
pleased to announce that following the Extension, announced on 2 March 2010, the
conditions precedent necessary for the completion of the disposal of CAG's
Malian assets ('Completion') to Colonial Resources Limited have now been
satisfied and it is therefore expected that Completion will take place on 15
March 2010.
Accordingly, on 15 March 2010, the Company expects to receive the Completion
Payment of US$3.4 million.
Capitalised terms in this announcement carry the same meaning as ascribed to
them in the announcements dated 21 December 2009 and 2 March 2010.
A further announcement will be made in due course.
* * ENDS * *
For further information please visit www.centralafricangold.com or contact:
+-------------+------------------------+---------------------+
| Roy | Central African Gold | Tel: +44(0)77 9390 |
| Pitchford / | Plc | 9985 |
| Craig | | Tel: +27(0)11 317 |
| Campbell | | 3654 |
| | | |
+-------------+------------------------+---------------------+
| Stuart | Strand Hanson Limited | Tel: +44(0)20 7409 |
| Faulkner / | | 3494 |
| James | | |
| Spinney | | |
| | | |
+-------------+------------------------+---------------------+
| Hugo de | St Brides Media and | Tel: +44(0)20 7236 |
| Salis / | Finance Ltd | 1177 |
| Felicity | | |
| 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); and a subsidiary in
southern Botswana with a licence covering 430.3kmĀ² of 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
DISVBLFFBXFFBBZ
Central African Gold (LSE:CAN)
Historical Stock Chart
From Apr 2024 to May 2024
Central African Gold (LSE:CAN)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Central A.G. (London Stock Exchange): 0 recent articles
More Central African Gold News Articles