TIDMSGZ

RNS Number : 0184P

Scotgold Resources Ltd

25 August 2017

25 August 2017

Scotgold Resources Limited (AIM:SGZ)

("Scotgold" or the "Company")

Completion of Share Consolidation

The Company confirms, following the approval of the share consolidation by shareholders at the General Meeting ("GM") held 21 August 2017, that the approved 1 for 100 share consolidation has now been fully effected.

The securities in issue are now as follows:

   (i)     Ordinary shares in issue -  15,932,932 (the "Post Consolidation Shares"); 
   (ii)   300,000 unlisted options exercisable at a price of GBP0.69, expiring 22/09/2017; and

(iii) 1,234,145 unlisted options exercisable at a price of GBP1.00, expiring 30/09/2017.

Following admission of the Post Consolidation Shares to trading on AIM on 25 August 2017, the Company's issued share capital comprises 15,932,932 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 is 15,932,932. 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.

Updated share and option certificates will be prepared and dispatched to shareholders (or their nominees) in due course.

We also note the company's new ISIN and SEDOL numbers as set out below:

 
 New ISIN           AU000XINEAK5 
-----------------  ------------- 
 New SEDOL          BF7TTV8 
-----------------  ------------- 
 TIDM (unchanged)   SGZ 
-----------------  -------------

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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August 25, 2017 05:30 ET (09:30 GMT)

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