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Central Rand Gold Ltd

  • BY: Andrew Hore |
  • POSTED: 17/06/2017 |

Central Rand Gold Ltd has received a further $250,000 from Jia Bang Wang. 

This takes the loan from Jia Bang Wang to $1.5m. Income from gold production is being used to pay down creditors. The cash raised will be spent on the concentrator circuit for the mine.

A strike has come to an end. Even so, cash is still in short supply and alternatives are being assessed – these include a placing or sale of the mining assets.

Trading in the shares remains suspended.

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