Company Data
| Last traded |
R3.85 |
| Change |
R0.05 |
| % Change |
1.32% |
| Cumulative volume |
91,561 |
| Market cap |
R5.45bn |
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Johannesburg -
Gold One International [JSE:GDO], the
dual-listed South African and Australian gold company, on Friday said
the AUS$150m subscription by Chinese investors has been completed before the year-end, as planned.
The company said it had issued and allotted 375 million
ordinary shares to BCX Gold Holdings, a special purpose vehicle created
by a consortium of Chinese investors, after receiving the requisite
funds from the consortium.
Following completion of the subscription BCX Gold now holds 89.17% of Gold One.
Gold One president and CEO Neal Froneman said Friday's
subscription was the final step in completing the Jintu transaction,
which wad "transformational for Gold One".
"These funds, together with the significant ongoing cashflows
from Modder East, give us the financial capacity to take the next steps
in continuing to build Gold One into a significant international gold
company," Froneman said.