Wits Gold has renewed the cautionary announcement regarding the offer for the acquisition of Southgold Exploration Proprietary.

Wits Gold has announced that the definitive transaction agreements relating to its offer to acquire Southgold Exploration Proprietary are still being negotiated, which may have a material effect on the price at which the company’s securities trade.

Upon the detailed transaction agreements having been finalised, a full terms announcement including the pro forma financial effects of the offer on the reported financial information of Wits Gold, as well as the salient dates and times relating to the implementation of the offer, including the effective date, will be announced, the company said in a statement.