www.gold1.co.za/index.php
Gold One International (ASX: GDO, JSE: GDO) flagship operation is the Modder East mine, also owns the nearby existing Sub Nigel mine. The company's assets include a pipeline of Southern African projects comprising 21.71 million ounces.
Gold One is currently under a A$0.55 cash offer for a minimum 60% stake from a Chinese consortium.
Gold One International substantial holder acquires further shares
Gold One International (ASX: GDO, JSE: GDO) significant shareholder Water Island LLC has increased it stake in the company.
Water Island acquired 3.73 million shares during September to move to 48.74 million shares equal to a 6.03% stake. Consideration was an average price of $0.53 per share.
Recently, the Namibian Competition Commission granted approval for a A$0.55 cash offer for the company.
The transaction comprises a series of interdependent transactions, including a cash offer of A$0.55 per existing Gold One share and a minimum A$150 million capital injection into Gold One.
The Chinese consortium is seeking to become the major shareholder and long term strategic partner of Gold One targeting a minimum 60% stake, with the cash injection providing funding for development of the company.
The consortium currently holds around a 19% stake.


















