TIDMSGZ

RNS Number : 4546E

Scotgold Resources Ltd

08 May 2017

Scotgold Resources Limited

8 May 2017

Scotgold Resources Limited

Conversion of Options and Issue of Equity

Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that 179,784 fully paid ordinary Scotgold shares ("Option Shares") have been issued on conversion of options exercisable at GBP0.01 on or before 30 September 2017.

Application will be made for the Option Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on 12 May 2017.

Following Admission, the Company's enlarged issued share capital will comprise 1,593,220,665 ordinary shares with voting rights. The Company does not hold any shares in treasury, therefore the total number of shares in the Company with voting rights will be 1,593,220,665. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

For further information please contact:

 
 Scotgold Resources   Stockdale Securities   Capital Markets    Smaller Company 
  Limited              Limited                Consultants        Capital 
                                                                 Ltd 
-------------------  ---------------------  -----------------  ---------------- 
       Richard Gray   Robert Finlay/         Simon Rothschild   Rupert Williams 
              - CEO    Ed Thomas 
-------------------  ---------------------  -----------------  ---------------- 
 Tel: +44 (0)1838     Tel: +44 (0)20         Tel +44 (0)7703    Tel: +44 
  400 306              7601 6100              167 065            (0)20 3651 
                                                                 2911 
-------------------  ---------------------  -----------------  ----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 08, 2017 04:15 ET (08:15 GMT)

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