CAN Central A.G.

 

TIDMCAN 
 
RNS Number : 0229G 
Central African Gold PLC 
22 January 2010 
 

Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 
22 January 2010 
Central African Gold Plc ('CAG' ) 
Update on Disposal of Malian Assets 
 
 
Central African Gold Plc, the AIM quoted gold mining and exploration company, is 
pleased to announce that the general meeting of Colonial Resources Limited took 
place earlier today, at which, resolutions were passed enabling Colonial to 
proceed with the acquisition of CAG's Malian assets ('the Disposal'). 
 
 
The announcement made by Colonial Resources Limited is included, in full, below: 
 
 
"ASX RELEASE - 22 January 2010 
General Meeting 
 
 
In accordance with Listing Rule 3.13.2 the directors of Colonial Resources 
Limited ("the Company") advise that the resolutions put to shareholders were 
carried at the General Meeting of the Company held earlier today. 
 
 
The resolutions carried were: - 
 
1. "That for the purposes of Listing Rule 11.1.2 approval be and is hereby given 
to the Company completing the  Mali Transaction on the terms and conditions set 
out in the Explanatory Memorandum." 
 
2. "That for the purposes of Listing Rule 7.11.3 approval be and is hereby given 
to the Company conducting an Entitlement Offer of Shares on the basis of 7 
Shares for every 1 Share held by an Eligible Shareholder on the Record Date at 
an issue price of 7 cents per Share together with 1 free attaching Option for 
every 2 Shares issued and otherwise on the terms and conditions set out in the 
Explanatory Memorandum." 
 
3. "That subject to and with effect from the time that Completion occurs the 
name of the Company be changed to "Papillon Resources Limited." 
 
4. "That subject to the due passage of Resolutions 1 and 2 and subject to 
Completion occurring approval be and is hereby given to the allotment and issue 
by the Company of 5,000,000 Shares and 5,000,000 Options exercisable at $0.15 
each on or before 31 December 2011 to Prairie Downs Metals Ltd on the terms and 
conditions set out in the Explanatory Memorandum." 
 
 
A summary of proxy votes in relation to the resolutions passed is attached. 
 
 
For further information contact: 
Alec Pismiris 
Director/Company Secretary 
Colonial Resources Limited 
Tel: (+6 18) 9481 8760 
www.colonialresources.com.au 
 
 
General Meeting - 22 January 2010 
 
 
Disclosure of Proxy Votes 
 
 
In accordance with section 251AA of the Corporations Law, the following 
information is provided to Australian Stock Exchange Limited in relation to 
resolutions passed by members of Colonial at its General Meeting held on 22 
January 2010. 
 
 
+-----------------------------------+------------+------------+------------+------------+ 
|                                   |Resolution  |Resolution  |Resolution  |Resolution  | 
|                                   |  Number    |  Number    |  Number    |  Number    | 
+-----------------------------------+------------+------------+------------+------------+ 
|                                   |    1.0     |    2.0     |    3.0     |    4.0     | 
+-----------------------------------+------------+------------+------------+------------+ 
| Decided by show of hands (S) or   |     S      |     S      |     S      |     S      | 
| poll (P)                          |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
| Total number of proxy votes       | 3,274,000  | 3,274,000  | 3,274,000  | 3,274,000  | 
| exercisable                       |            |            |            |            | 
| by proxies validly appointed      |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
| Total number of proxy votes in    | 3,274,000  | 3,274,000  | 3,274,000  | 3,274,000  | 
| respect of                        |            |            |            |            | 
| which the appointments specified  |            |            |            |            | 
| that:-                            |            |            |            |            | 
| - the proxy is to vote for the    |            |            |            |            | 
| resolution                        |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
| - the proxy is to vote against    |    Nil     |    Nil     |    Nil     |    Nil     | 
| the                               |            |            |            |            | 
| resolution                        |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
| - the proxy is open on the        |    Nil     |    Nil     |    Nil     |    Nil     | 
| resolution                        |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
| - the proxy is to abstain on the  |    Nil     |    Nil     |    Nil     |    Nil     | 
| resolution                        |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
| - the proxy may vote at the       |    Nil     |    Nil     |    Nil     |    Nil     | 
| proxy's                           |            |            |            |            | 
| discretion                        |            |            |            |            | 
+-----------------------------------+------------+------------+------------+------------+ 
 
 
 
 
Note:     Resolution numbers in this table refer to the numbering in this 
announcement to Australian Securities Exchange and necessarily not the numbering 
in the notice of meeting." 
 
 
The Disposal will not complete until, inter alia, the approval of the 
Resolutions at CAG's General Meeting, which has been convened for 4.15 p.m. on 
12 February 2010.  A further announcement will be made in due course. 
 
 
Unless otherwise defined, the capitalised terms used in this announcement carry 
the same meaning as those defined in the circular sent to CAG's shareholders on 
20 January 2010. 
 
 
** ENDS ** 
 
 
For further information please visit www.centralafricangold.com or contact: 
 
 
+----------------+------------------------------+-------------------------+ 
| Roy Pitchford  | Central African Gold Plc     | Tel: +44(0)77 9390 9985 | 
| /              |                              |                         | 
| Craig Campbell |                              |                         | 
|                |                              |                         | 
+----------------+------------------------------+-------------------------+ 
| Stuart         | Strand Hanson Limited        | Tel: +44(0)20 7409 3494 | 
| Faulkner/      |                              |                         | 
| James Spinney  |                              |                         | 
|                |                              |                         | 
+----------------+------------------------------+-------------------------+ 
| Hugo de Salis  | St Brides Media and Finance  | Tel: +44(0)20 7236 1177 | 
| / Felicity     | Ltd                          |                         | 
| Edwards        |                              |                         | 
+----------------+------------------------------+-------------------------+ 
 
 
Notes to Editors 
Central African Gold Plc is an established gold mining company with a portfolio 
of production and exploration assets in Africa. The Company has two subsidiaries 
in Zimbabwe: Falcon Gold Zimbabwe Limited (84.7 per cent. owned) and Olympus 
Gold Mines Limited (100 per cent. owned); and a subsidiary in southern Botswana 
with a licence covering 436km² of the extension of the Kraaipan greenstone belt 
from South Africa. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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