Central Rand Gold fell 23.17% due to a delay in the completion of an agreement for its sale.

The company had targeted a completion date for the execution of a binding agreement by 12 June 2015, which wassubsequently extended to 15 July 2015 at the request of both Huili Resources Limited and Hiria Group Company Limited.

In a statement, The Board cautioned that “at this time there can be no certainty that the discussions with both Huili or Hiria will lead to a binding agreement being entered into by either party, nor that the potential sale of Central Rand Gold N.V., or any other transaction will be completed.”

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