The finance facility includes a five year senior secured amortising term loan facility of up to ZAR 945m ($133m) and a two year senior secured amortising term loan facility of up to ZAR 525m ($74m).
Under a subscription agreement, Investec can request to subscribe for fully paid ordinary shares in Gold One on the date of first drawdown under the GOA Facility or on a quarterly date or certain other dates nominated by Investec.
The acquisition of Rand Uranium is subject to the necessary consents being obtained from the Minister of the Department of Mineral Resources in South Africa.
