ANGLOGOLD ASHANTI FINALISES DEAL TO ACQUIRE 100% OF GOLDen CYCLE gold CORPORATION
AngloGold Ashanti Limited (�AngloGold Ashanti�) and Golden Cycle Gold Corporation (ARCA: GCGC) (�GCGC�) are pleased to announce that shareholders of GCGC approved the merger with a wholly owned subsidiary of AngloGold Ashanti at the GCGC special meeting of shareholders held on 30 June 2008 in Victor, Colorado when GCGC shareholders representing 7,036,949 shares of GCGC common stock voted in favour of the merger. The merger will be effective at 0:01 on 1 July 2008. As a result, AngloGold Ashanti will acquire 100% of GCGC by way of astatutory merger under Colorado law (�the transaction�) and subsequently,AngloGold Ashanti will own 100% of Cripple Creek & Victor Gold Mining Company (�CC&V�).
The Bank of New York, c/o BNY Mellon Shareowner Services, New York, New York, has been appointed as exchange agent for the merger, and notice and exchange instructions are expected to be mailed to the shareholders of GCGC on or before July 3, 2008.
R. Herbert Hampton, Chief Executive Officer and President of GCGC, commented, �We are pleased that shareholders representing approximately 71.85% of our common stock have expressed their confidence in AngloGold Ashanti by approving the merger. This concludes the long history of Golden Cycle, and we look forward to beginning a new chapter as shareholders of AngloGold Ashanti.�
Commenting on the transaction, Mark Cutifani, Chief Executive Officer of AngloGold Ashanti, said �We are extremely pleased that Golden Cycle shareholders have approved the transaction that will enable us to continue to consolidate the full mineral endowment at CC&V over the remainder of the mine�s life, whilst also simplifying the ownership structure of this long life North American asset, and we welcome Golden Cycle shareholders as new shareholders of AngloGold Ashanti.�
Legal Adviser
Davis Graham & Stubbs LLP
Queries
South Africa Tel: Mobile: E-mail:
Alan Fine (Media) +27 (0) 11 637 6383 +27 (0) 83 350 0757 afine@AngloGoldAshanti.com
Joanne Jones (Media) +27 (0) 11 637 6813 +27 (0) 82 896 0306 jjones@AngloGoldAshanti.com
Himesh Persotam (Investors) +27 (0) 11 637 6647 +27 (0) 82 339 3890 hpersotam@AngloGoldAshanti.com
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not an offer of securities for sale into the United States. No offering of securities shall be made in the United States except pursuant to registration under the US Securities Act of 1933, as amended, or an exemption therefrom.
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CODE : AU |
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ISIN : US0351282068 |
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AngloGold is a gold exploration company based in South africa. AngloGold produces gold, copper, silver and zinc in Argentina, in Australia, in Brazil, in Canada, in Ghana, in Guinea, in Mali, in Namibia, in South Africa and in Tanzania, develops gold and iron in Australia, in Brazil, in Colombia, in Congo Dem. Rep. of and in South Africa, and holds various exploration projects in Philippines. Its main assets in production are CRIXÁS, CRIXAS MINE, ANGLOGOLD ASHANTI MINERAÇAO, MINERAÇÃO and SAO BENTO in Brazil, SUNRISE DAM GOLD MINE in Australia, NAVACHAB MINE, NAVACHAB and CRIPPLE CREEK & VICTOR (CRESSON MINE) in Namibia, YATELA, MORILA and SADIOLA in Mali, CERRO VANGUARDIA in Argentina, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), BAMBANANI, TAU TONA, KOPANANG, TAU LEKOA, SAVUKA, MPONENG and GREAT NOLIGWA in South Africa, SIGUIRI in Guinea, TEBEREBIE, IDUAPRIEM, OBUASI and KUBI in Ghana, GEITA in Tanzania and CALLINAN MINE and TROUT LAKE MINE in Canada, its main assets in development are MOAB KHOTSONG in South Africa, MINAS-RIO in Brazil, LA COLOSA and GRAMALOTE in Colombia, KIBALI (KILO-MOTO) in Congo Dem. Rep. of and TROPICANA in Australia and its main exploration properties are HUALATAN and ER in Peru, MKURUMU in Tanzania, BAMBADJI in Senegal, LOUBOUGOULA, ALAMOUTALA (SADIOLA II) and GOODPASTER in Mali, 777 PROJECT and RIVARD in Canada, MORRO VELHO in Brazil and SIANA in Philippines. AngloGold is listed in Australia, in Germany and in United States of America. Its market capitalisation is 1.1 billions as of today (€ 1.1 billions). Its stock quote reached its lowest recent point on November 23, 2018 at 10.00, and its highest recent level on November 14, 2024 at 24.01. AngloGold has 47 442 200 shares outstanding. |