Gold Fields Netherlands Services B.V.

September 24, 2015 15:34 ET

Gold Fields Acquires Shares of Consolidated Woodjam Copper

TORONTO, ONTARIO--(Marketwired - Sept. 24, 2015) - Gold Fields Netherlands Services B.V. ("GF Netherlands"), a wholly-owned indirect subsidiary of Gold Fields Limited, announces that pursuant to a share sale agreement with Consolidated Woodjam Copper Corp. ("Woodjam Copper"), in consideration for the sale of all of the shares in its wholly-owned subsidiary Gold Fields Horsefly Exploration Corporation, GF Netherlands has acquired 12,285,463 common shares (the "Consideration Shares") of Woodjam Copper.

Taking into account the 562,553 Woodjam Copper common shares previously owned by GF Netherlands, following the issuance of the Consideration Shares GF Netherlands owns 12,848,016 common shares representing approximately 19.19% of the outstanding common shares of Woodjam Copper.

The Consideration Shares, which were issued by Woodjam Copper at a deemed price of $0.06 per share, will be held by GF Netherlands for investment purposes. GF Netherlands will continue to monitor the business, prospects and financial condition of Woodjam Copper. Depending on its evaluation of these and other factors, GF Netherlands may from time to time in the future increase or decrease its ownership, control or direction over the common shares or other securities of Woodjam Copper through market transactions, private agreements, subscriptions from treasury or otherwise.

Contact Information

  • Willie Jacobsz
    Tel: +1 617 535 7545
    Mobile: +1 857 241 7127
    Email: Willie.Jacobsz@gfexpl.com

    Sven Lunsche
    Tel: +27 11 562-9763
    Mobile: +27 83 260 9279
    Email : Sven.Lunsche@goldfields.co.za

    Gold Fields Netherlands Services B.V.
    Crown Business Centre Key-Point
    Sixth Floor, Schipholweg 103
    Leiden, 2316 XC
    The Netherlands