Business Acquisition Report
31 August 2010 - 4:01PM
UK Regulatory
TIDMCAN
RNS Number : 8305R
Central African Gold PLC
31 August 2010
Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining
31 August 2010
Central African Gold Plc ('CAG' or 'the Company')
Business Acquisition Report
CAG is pleased to provide the following announcement (the "Announcement"),
which New Dawn Mining Corp. ("NDM") (TSX: ND) has filed as a Form 51-102F4 -
Business Acquisition Report with Canadian securities regulators on SEDAR
(www.sedar.com), as it relates to New Dawn's acquisition of an 89% shareholding
in CAG on June 16, 2010 as required under Canadian securities laws.
Please see the attached link to view the Business Acquisition Report.
http://www.rns-pdf.londonstockexchange.com/rns/8305R_-2010-8-30.pdf
The Announcement relates to the acquisition of the c. 89% shareholding NDM
acquired in CAG on June 16, 2010 and contains financial information relating to
CAG, including, inter alia, for the period January 1, 2009 to June 15, 2010, the
day prior to NDM's acquisition of its c. 89% stake in CAG. This information is
unaudited, has been prepared by NDM and does not replace the unaudited interim
results for CAG, for the six months ended June 30, 2010, which CAG anticipates
releasing on, or prior to, September 30, 2010.
* * ENDS * *
For further information please visit www.centralafricangold.comor contact:
+-------------+------------------------+---------------------+
| Roy | Central African Gold | Tel: +44(0)77 9390 |
| Pitchford | Plc | 9985 |
+-------------+------------------------+---------------------+
| 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
CAG
Central African Gold Plc is a gold mining company with a portfolio of
production, development and exploration assets primarily in Zimbabwe, where the
Company operates through two subsidiaries, Falcon Gold Zimbabwe Limited (84.7
per cent. owned) and Olympus Gold Mines Limited (100 per cent. owned). Through
these subsidiaries CAG has four main gold mines, the Dalny, Old Nic, Golden
Quarry and Camperdown mines, which arelocated in the highly prospective Kadoma,
Shurugwi and Bulawayo gold regions in Zimbabwe.
NDM
The Company's 88.68% shareholder is TSX listed New Dawn Mining Corp. a gold
company with a broad portfolio of production and exploration assets also in
Zimbabwe. NDM owns and operates the Turk and Angelus Mines in the upper
southwest area of Zimbabwe which it believes have the potential to produce an
estimated 35,000 to 50,000 ounces of gold per annum. It is NDM's objective to
orchestrate the development of CAG's mining operations and exploration
portfolio, as well as its own, to become a mid-tier gold producer focussed in
Zimbabwe, with a consolidated annualised gold production to between 50,000 and
60,000 ounces within the next 18 to 24 months, increasing to 100,000 ounces by
2014, and then ultimately to 200,000 to 250,000 ounces.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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