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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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