TIDMSGZ

RNS Number : 2690B

Scotgold Resources Ltd

19 September 2018

Scotgold Resources Limited

19 September 2018

Scotgold Resources Limited

("Scotgold" or the "Company)

Confirmation of issued share Capital

Conversion of Options and Issue of Equity

It has come to the Company's attention that 225 depositary interests of no par value in the Company, which were to be admitted to trading pursuant to the share consolidation undertaken by the Company and announced by it on 25 August 2017 ("Depositary Interest"), had not been admitted to trading on AIM. Accordingly, the Company has applied for the Depositary Interest to be admitted to trading on AIM with such admission due to take place at 8.00 a.m. on or around 25 September 2018.

The admission of the Depositary Interest does not change any of the Company's previous announcements of the total number of depositary interests or voting rights in issue.

The Company also announces that 331 fully paid ordinary Scotgold shares ("Option Shares") were issued by the Company on 05 June 2018 on conversion of 331 options exercisable at GBP0.40 on or before 31 December 2019.

Application has been made for the 331 Option Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on or around 25 September 2018.

Following Admission, the Company's enlarged issued share capital will therefore comprise 42,911,585 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 42,911,585. 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:

For further information -

 
              Scotgold Resources Limited                 Tel: +44 (0)1838 400 
               Richard Gray                               306 
              SP Angel Corporate Finance                 Tel +44 (0) 20 3470 
               LLP                                        0470 
               Nomad and Joint Broker 
               Ewan Leggat / Charlie 
               Bouverat 
              Smaller Company Capital                    Tel: +44 (0)20 3651 
               Ltd                                        2911 
               Joint Broker 
               Rupert Williams 
              Capital Markets Consultants                  Tel: +44(0)7703 167 065 
               Financial PR 
               Simon Rothschild

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 19, 2018 06:13 ET (10:13 GMT)

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