Cluff Gold plc

Cluff Gold plc

March 25, 2011 09:40 ET

Cluff Gold plc: Additional Listing

LONDON, UNITED, KINGDOM--(Marketwire - March 25, 2011) - Cluff Gold (TSX:CFG)(AIM:CLF), the dual AIM/TSX-listed West African-focused gold mining company, announces that today the Company has approved and issued 365,130 ordinary shares ("Ordinary Shares") of 1 pence each in the Company (the "New Ordinary Shares"). The New Ordinary Shares are being issued pursuant to the exercise of options. Application has been made for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's AIM market for listed securities ("Admission").

Admission and dealings in the New Ordinary Shares are expected to become effective on 30 March 2011. The New Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following Admission, the total issued share capital of the Company will be 131,817,026 Ordinary Shares, all of which have voting rights.

The above figure 131,817,026 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Cluff Gold under the FSA's Disclosure and Transparency Rules.

About Cluff Gold

Cluff Gold is a gold developer-producer with assets in West Africa. The Company generates significant cash flow through its Kalsaka gold mine in Burkina Faso. The Company remains focused on its objective of becoming a mid-tier producer through the development of its wholly-owned Baomahun project in Sierra Leone, which is expected to contribute an additional 157,000oz of gold per annum, with significant exploration potential along strike. With its experience of bringing new mines into production, the Company aims to further increase its production profile with its highly prospective exploration work in the region.

This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, the positioning of the Company for future success, statements regarding potential future production at Angovia, Kalsaka and Baomahun, exploration and drilling results at Baomahun, and future capital plans and objectives of Cluff Gold, are forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Cluff Gold's expectations include, among others, risks related to international operations, the actual results of current exploration and drilling activities, changes in project parameters as plans continue to be refined as well as future price of gold. Although Cluff Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cluff Gold does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

Peter Spivey is a "Qualified Person" within the definition of National Instrument 43-101 and has reviewed and approved the information contained within this announcement. Mr Spivey (BSc, AusIMM) is the Chief Executive Officer of the Company.


Contact Information

  • Cluff Gold plc
    J.G. Cluff - Chairman
    Catherine Apthorpe - Company Secretary
    +44 (0) 20 7340 9790
    Pelham Bell Pottinger
    Investor Relations (Global)
    Lorna Spears
    Philippe Polman
    +44 (0) 20 7861 3232
    Evolution Securities Limited
    Rob Collins
    Tim Redfern
    +44 (0) 20 7071 4300
    Farm Street Communications Ltd
    Press Relations (U.K.)
    Simon Robinson
    +44 (0) 7593 340 107