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Disposal of Malian Assets - Extension of Timetable

2nd Mar 2010 16:30

RNS Number : 9623H
Central African Gold PLC
02 March 2010
 



Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

2 March 2010

 

Central African Gold Plc ('CAG' or 'the Company')

Disposal of Malian Assets - Extension of Timetable to Completion

 

Central African Gold Plc, the AIM quoted gold mining and exploration company, today announces that the completion of the disposal of CAG's Malian assets to Colonial Resources Limited has been extended from 3 March 2010 to 10 March 2010 ('the Extension').

 

The Extension is to allow CAG further time to procure an executed agreement between CAG, Songhoi Resources SARL, Mani SARL and Colonial Resources Limited in connection with a joint venture agreement between CAG and G.I.E. Geo-Consul ('the Agreement').

 

A further announcement will be made in due course.

 

* * ENDS * *

 

 

For further information please visit www.centralafricangold.com or contact:

 

Roy Pitchford / Craig Campbell

 

Central African Gold Plc

Tel: +44(0)77 9390 9985

Tel: +27(0)11 317 3654

Stuart Faulkner / James Spinney 

 

Strand Hanson Limited

Tel: +44(0)20 7409 3494

Hugo de Salis / Felicity Edwards

St Brides Media and Finance Ltd

Tel: +44(0)20 7236 1177

 

 

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 430.3km² 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
 
 
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