Aflease Gold convertibles to be replaced with Gold One convertibles

By Angela McDaniels

Tacoma, Wash., April 20 - Aflease Gold Ltd.'s convertible bonds will be cancelled and replaced with convertibles bonds issued by Gold One International Ltd., according to a company announcement.

Gold One is a new company being formed by the acquisition of Aflease Gold by BMA Gold Ltd.

The acquisition has been approved by Aflease Gold bondholders and will close after the new company obtains dual listing on the Johannesburg Stock Exchange and Australian Stock Exchange, which is expected to occur no later than mid-May.

Aflease Gold is a gold development company based in Gauteng, South Africa.

BMA Gold is a Sydney, Australia-based gold and base metals exploration and development company.

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