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The board of Central African Gold Plc announces its preliminary results for the year ended 31 December 2007. As trading in the Company’s shares was suspended on 1 July 2008 pending the publication of the financial statements, such suspension will now be lifted with effect from 8am on 9 July 2008.
Central African Gold announces that Chief Financial Officer, Charles Prentice, is stepping down from the Board of Directors with immediate effect. He has agreed to remain available to the Company for a reasonable period of time to ensure a smooth handover.
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Central African Gold has today requested a temporary suspension of trading pending the completion of its annual report and accounts for the year to 31 December 2007
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CAG has entrenched its position in Southern Africa with the acquisition of “400 square kilometers of geology with interesting mineralogy” on the Archaean Kraaipan greenstone belt in Botswana. .
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GOLD guru Martin Murenbeeld is predicting an average gold price of $823/oz for 2008 as positive market fundamentals bear out his earlier, bullish forecasts.
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