DRD makes move to sell Emperor stake

DRD Gold has issued a prospectus for the sale of its 78.72% stake in Emperor Gold to institutional investors, paving the way for Emperor's merger with Intrepid Mines.

DRD makes move to sell Emperor stake DRD makes move to sell Emperor stake DRD makes move to sell Emperor stake DRD makes move to sell Emperor stake DRD makes move to sell Emperor stake

The placement of more than 823 million shares will be conducted by ABN Amro Morgans as well as Tricom, and is expected to close on October 19 with settlement on October 29.