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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	GDO
Latest Price:	0.47 (0.00%)
52-week High:	0.56
52-week Low:	0.42
Market Cap:	665.69M

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Gold One International Full Gold One International profile here

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: BCX Gold exceeds target minimum 60% stake

Wednesday, December 14, 2011 by Angela Kean

Gold One International (ASX: GDO, JSE: GDO) shareholders, at the eleventh hour, have assisted Chinese consortium BCX Gold in gaining its minimum 60% stake plus a bit more with further acceptances of the A$0.55 per share cash takeover offer.

BCX Gold now holds a 66.74% stake in Gold One with the deadline for acceptance of the offer, which comprises a series of interdependent transactions, tomorrow Thursday 15 December 2011.

Importantly, the deal with BCX will provide Gold One with a A$150 million funding injection which is a major springboard for the development of the company.

In recent news, Gold One continues to ramp up gold production from the company's Modder East operations in South Africa, and is poised to overtake the 2011 targets in the next few weeks.

Gold One targeted 120,000 gold ounces to be produced during 2011, with the company already pouring 113,569 ounces, with Modder East well positioned for 2012 production to be even stronger. December quarter production up until Friday 25 November was 23,742 ounces.

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