5th Nov 2009 14:30
|
Immediate Release |
5 November 2009 |
Central Rand Gold Limited
("Central Rand Gold" or "CRG")
(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: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
Court Throws Out Puno Gold Investments' Request For Urgent Interdict To Halt Central Rand Gold's Trial Mining Activities
Central Rand Gold Limited ("CRG" or "the Company"), following the hearing today, is pleased to announce that the "urgent interdict" sought by Puno Gold Investments (Pty) Ltd to halt the company's trial mining operations has been dismissed by the South Gauteng High Court. In addition, Puno is required to pay all legal costs associated with this dispute.
Reacting to the Court's decision, CRG's CEO, Johan du Toit, said:
"We are pleased that this unnecessary distraction caused by Puno has now been dismissed in its entirety by the independent court. The court case has not delayed the development of our assets and we look forward to progressing with trial mining, which is the springboard towards full-scale commercial gold mining in our Johannesburg mining right area."
Central Rand Gold Ltd is listed on the London Stock Exchange and on JSE Limited in Johannesburg. It was awarded its first New Order Mining Right in August 2008. Trial mining began in September 2009 at Slot 8 situated at its Consolidated Main Reef tenement in southern Johannesburg. The Company is actively involved in the communities in which its mining operations are situated through employment, training, education, sport and small business development initiatives.
For further information, please contact:
Central Rand Gold +27 (0) 11 551 4000
Johan du Toit
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2000
Thembeka Mgoduso / Annerie Britz / Melanie de Nysschen / Manisha Ramlakhan
Buchanan Communications +44 (0) 20 7466 5000
Bobby Morse / Ben Willey / Katharine Sutton
Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7300
Jenni Newman / Megann Outram
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