TIDMSULA

RNS Number : 5807O

Sula Iron & Gold PLC

21 August 2017

SULA IRON & GOLD PLC

("Sula" or the "Company")

Update on Subscription

Sula (AIM: SULA), the gold exploration company focused on Sierra Leone, is pleased to announce, as referenced in the Equity Subscription announcement released at 07.00 this morning (the "Announcement"), that it has received confirmation from the Investors' solicitors of their receipt of the subscription funds from the Investors and that all solicitors undertakings are now in place to allow completion of subscription and entering into of the Sharing Agreement at Admission - expected tomorrow.

Defined terms used in this announcement bear the same meaning as those used in the Announcement.

For further information, please contact:

 
 Sula Iron & Gold plc 
 Roger Murphy (CEO)                 +44 (0) 20 7583 8304 
 WH Ireland Limited (Nominated 
  Adviser and Broker) 
  Paul Shackleton / James 
  Bavister                            +44 (0) 20 7220 1666 
 VSA Capital Limited (Broker) 
 Andrew Raca 
  Blytheweigh (Public Relations)    +44 (0) 20 3005 5000 
  Camilla Horsfall/ Nick Elwes       +44 (0) 20 7138 3224 
 Ongeza Mining (Financial 
  and Technical Adviser) 
 Iain Macpherson / Ilja Graulich    +27 (0) 11 469 0629

Prior to publication, certain information contained within this announcement was deemed to constitute inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR"). In addition, market soundings (as defined in MAR) were taken in respect of the Subscription with the result that certain persons became aware of inside information (as defined in MAR), as permitted by MAR. Due to the publication of this announcement, those persons that received inside information in a market sounding are no longer in possession of such inside information relating to the Company and its securities.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCOKDDPQBKDDFB

(END) Dow Jones Newswires

August 21, 2017 10:51 ET (14:51 GMT)

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