Central Rand Share Discussion Threads

[hitman92] 23/1/2018 15:03

Water level updated, now 166vmbs. Depressing reading. Risen by 8metres in 3 weeks... What is going on???

[syed48] 17/1/2018 20:33

At last good news for shareholder
So when can we start trading again?

[solarno lopez] 17/1/2018 16:12

And I take it Beaumont Cornish weren't involved which is also a blessing

[temmujin] 17/1/2018 16:02

and a chairman that isnt a bloody solicitor! lol!..surreal...

[temmujin] 17/1/2018 15:40

well thats certainly good news replacing all the board especially with people who seem to know what mining is all about

[temmujin] 17/1/2018 15:38

abit of good news at last..

CENTRAL RAND GOLD LIMITED - Loan Agreement, Deed of Amendment and Board Changes
16 January 2018 - 13:55 PM
CRD Loan Agreement, Deed of Amendment and Board Changes 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 2007/019223/10) ISIN: GG00B92NXM24 JSE share code: CRD ("Central Rand Gold" or ?the Company") Loan Agreement, Deed of Amendment and Board Changes Loan Agreement The Company hereby announces that it has entered into a new loan agreement with Mr Jia Bang Wang for funding in the amount of US$300,000 ("Loan"). The Loan will be provided in two tranches, with the first tranche of GBP #46,650 being payable immediately and the balance becoming available within 30 days of the resignations of the current board of directors (?the Board?) becoming effective. The principal and accrued interest on the Loan (at the UK's prime lending rate plus 2% per annum) is repayable by the Company within 12 months of the date of execution of the loan agreement. Interest accrues and capitalises from day to day from the day any part of the Loan is advanced until and including the day the whole of the Loan is repaid. The purpose of the Loan is to recapitalise the Company and to fund the settlement of creditors. Deed of Amendment As a condition of providing the Loan, the Board has agreed to amend the Company?s existing loan agreement with Mr Jia Bang Wang. It has been agreed that USD$500,000 owed to Mr Jia Bang Wang under that agreement shall not be repayable by the Company until 12 May 2018, and that Mr Wang shall have no recourse to the Company save that the existing loan is secured over 51% of the Company?s shares in Central Rand Gold (Netherlands Antilles) N.V. Board Changes In compliance with paragraph 3.59 of the Listings Requirements of JSE Limited, the Board hereby notifies its shareholders of the following changes to the Board: - Mr Li Pin Wang and Mr Weifan (?William?) Zhuang have agreed to join the Board of Central Rand Gold as Non-executive director and Executive director respectively, as soon as registration formalities in Guernsey will allow. It is intended that a new Chairman and Chief Executive Officer will be appointed in the future. Mr Li Pin Wang is currently a shareholder as well as a lender of US$1,500,000 to the Company. Mr Wang has substantial gold mining and metallurgical experience, particularly in hydrometallurgy. He is the co-founder and the Chairman of Zhejiang Golden Machinery Plant, a company that designs and manufactures metallurgical equipment for mining companies around the world. Mr Wang has successfully invested and managed several gold mining companies in China and Mongolia. Mr William Zhuang is a former Non-executive director of the Company. He was involved with the test-work, design, procurement, transportation and installation of the concentrator circuit. Upon joining the Board, William will continue to work on the concentrator project as well as engaging with potential investors. - Mr Simon Charles (Non-executive director), Mr James Normand (Non-executive director) and Mr John Treacy (Non-executive director) have agreed to step down as directors of the Company subject to receipt of the first tranche of the Loan and confirmation of settlement of certain creditors of the Company. Statement from the outgoing Chairman After an extremely difficult year for the Company, where shareholders and creditors have been more than patient when the Company was faced with very adverse circumstances, we are able to assure the Company's immediate future under the leadership of a new Board. The new Board will update shareholders on the Company's operating position very shortly. Achieving the position we have reached today has not been easy. It has been achieved through much hard work by the outgoing directors and by Jason Hou and William Zhuang, who have both been instrumental in making this vital financing happen. I should like to thank William in particular who has been on site in South Africa for several months in difficult circumstances. Finally, I must thank Mr Wang for his continued crucial financial support for the Company and am hopeful that his support will be to the benefit of him and of the shareholders as a whole. For further information, please contact: Central Rand Gold [phone] Mr William Zhuang Merchantec Capital - JSE Sponsor [phone] Monique Martinez / Marcel Goncalves 16 January 2018 Date: 16/01/2018 01:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

[hitman92] 16/1/2018 21:58

www.businesslive.co.za/story/?resource_id=SENSIN_20180116055500_33

[hitman92] 16/1/2018 21:55

hxxps://www.businesslive.co.za/story/?resource_id=SENSIN_20180116055500_33

[temmujin] 13/1/2018 21:04

no useless friggin management who cant close 150m deals

[mrshaungcm] 13/1/2018 20:59

only suffered due to the stupid rampers you plonker

[temmujin] 13/1/2018 20:39

shaun..why do you have to do it? dont you think we've suffered enough you plonker

[temmujin] 08/1/2018 06:41

cheers syed..glimmer of hope maybe..if it returns at 0.1p i'd be in profit since my spread bet has been zero'ed

[syed48] 06/1/2018 14:59

I have a reply back from the company yesrerdG coot attached

Thank you for your email.

I wish I was able to provide you with more information but as I'm sure you appreciate, whilst the Company maintains its JSE listing all material price sensitive information must be communicated to shareholders equally via the RNS equivalent in Johannesburg. As previously indicated, the Board hopes to update shareholders shortly when they are in a position to do so.

The Company's board of directors continue to review options for the Company since the proposed placing outlined in several RNSs in the past few months was unable to go ahead. Their focus is currently on attempting to secure a refinancing to alleviate immediate financial pressure.

Kind regards

Investor Relations

[temmujin] 29/12/2017 14:45

m gibbo on lse

Message from our ChairmanToday 11:59Still a bit surprised that no one else has tried to contact the chairman. I have a considerable sum of money tied up in this share and I will do my utmost to pursue it, hence my contact with Simon. This is a copy of the last message I recieved:

Dear Simon, you can expect some news soon which I expect and hope will assure the future of the company for shareholders and creditors and retain the asset. More to follow shortly. We have been working on matters for an outcome which achieves the above. Regards Simon

Read into it what you like, but if I can get some if not all of my investment back, 2018 will be a good year.

Simon

[temmujin] 29/12/2017 14:44

posted by gibbo on lse

Message from our ChairmanToday 11:59Still a bit surprised that no one else has tried to contact the chairman. I have a considerable sum of money tied up in this share and I will do my utmost to pursue it, hence my contact with Simon. This is a copy of the last message I recieved:

Dear Simon, you can expect some news soon which I expect and hope will assure the future of the company for shareholders and creditors and retain the asset. More to follow shortly. We have been working on matters for an outcome which achieves the above. Regards Simon

Read into it what you like, but if I can get some if not all of my investment back, 2018 will be a good year.

Simon

[syed48] 22/12/2017 14:17

May be good news coming soon for us as share holders of UK

[winston270] 20/12/2017 20:36

Delisted off AIM & £700k funding / massive dilution cancelled

[temmujin] 17/12/2017 15:40

or did they cancel that funding?

[temmujin] 17/12/2017 15:38

so is this company going to relist at the funding price of 0.07p? if so i will be in profit because all my crnd bets have been zero'ed...whoopee!

[syed48] 17/12/2017 15:28

Hello guys

I am in contact with the company registrar and had received an email rely directly from the company that the director is finalising the plan did the existing share holders so hope and wait.

I Suggest all to contact company registrar on 01481729466 Artemis corporate services
and ask for Shane Gout.

[aspex] 16/12/2017 00:17

CRND.GB is a quote from the Nex, I believe