30th May 2014 09:00
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 2007/0192231/10) ISIN: GG00B92NXM24 LSE share code: CRND JSE share code: CRD ("Central Rand Gold" or the "Company")
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| Temporary Suspension from Trading on AIM and AltX |
The Board of Central Rand Gold Limited announces that it has requested that trading of the ordinary shares of the Company on the AIM Market and AltX be temporarily suspended pending clarification from the Company's auditors of the accounting treatment of the Redstone Convertible Loan in the audited accounts for the year ended 31 December 2013.
In the unaudited financial statements released on 16 May 2014, an element of the Redstone Convertible Loan Note was treated as equity. However, on a technical review from the auditors as the audit process was finalised this element has been reclassified as a derivative liability with a consequential impact on the Company's results.
The Board will announce the revised audited accounts for the year ended 31 December 2014 as soon as is practicable.
For further information, please contact:
Central Rand Gold +27 (0) 11 674 2304
Johan du Toit / Patrick Malaza
Charles Stanley Securities Limited +44 (0) 20 7149 6478
Marc Milmo / Mark Taylor
Merchantec Capital +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves
Buchanan +44 (0) 20 7466 5000
Bobby Morse / Louise Mason
Jenni Newman Public Relations +27 (0) 11 506 7351
Proprietary Limited
Jenni Newman
Johannesburg
30 May 2014
Sponsor
Merchantec Capital
Related Shares:
Central Rand Gold