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 on track for completion of cash offer from Chinese consortium
Gold One International (ASX, JSE: GDO) is moving closer towards finalising a transaction that has potential to transform the South African focused gold producer.
A consortium of Chinese investors has received approval to proceed with a transaction to become the major shareholder and long term strategic partner of Gold One.
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.
On 26 October 2011, Gold One announced that the period during which the offer is open for acceptance by Gold One shareholders had been extended due to the regulatory approvals in the People’s Republic of China (PRC) taking longer than anticipated.
However, as the regulatory approvals in the PRC are now progressing well and are in line with the anticipated timetable, the date for announcing if the offer has become unconditional is Thursday, 1 December. The offer period ends Thursday 15 December 2011.


















