Gold One completes Rand Uranium buy

[] — GOLD One International said on Monday all conditions for its acquisition of Rand Uranium for $250m have been fulfilled.

The deal was accordingly declared unconditional and closed on January 6, Gold One said.

Some $137.7m of the purchase price was settled by Gold One on the completion date in cash. The balance – $112.3m – is to be settled in either cash, Gold One ordinary shares, or a combination thereof, within 90 days.

Gold One also announced the immediate appointments of Hartley Dikgale as Senior Vice President: General Counsel, and Grant Stuart as Vice President: Investor Relations for the Gold One Group, both of whom were previously members of the Rand Uranium executive.