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Central Rand Gold Ltd

  • BY: Andrew Hore |
  • POSTED: 08/05/2017 |

Central Rand Gold Ltd has a $1m loan agreement with Jia Bang Wang and has received the first $500,000 but exchange difficulties mean that the other $500,000 is yet to be received. 

Earlier this year, the company raised £300,000 at 0.5p a share. Central Rand Gold has ordered centrifugal concentrator equipment that should be installed in the third quarter of 2017. Open pit mining started in early March. 

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