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Gold One International: Bakersteel lifts stake to 8%

Bakersteel Capital Managers acquired 2,986,000 ordinary shares in Gold One International (ASX: GDO) in on market purchases between 12-13th September.

Bakersteel now holds 64,987,000 shares, representing an 8% stake in Gold One.

Gold One recently signed financing agreements with Investec Bank for the acquisition of Rand Uranium Limited, and its gold production of 28,511 ounces for the June 2011 quarter exceeded expectations at its newly built shallow Modder East mine in South Africa.