Shanta Gold Limited VAT Refund Received (8966V)
08 November 2017 - 7:54PM
UK Regulatory
TIDMSHG
RNS Number : 8966V
Shanta Gold Limited
08 November 2017
8 November 2017
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")
VAT REFUND RECEIVED
Shanta Gold (AIM: SHG), the East Africa-focused gold producer,
is pleased to announce that it has received a VAT refund of US$3.4
million, which is made up of a US$1.9 million offset against
corporate taxes payable in 2016 and 2017 and a cash payment to the
Company of US$1.5 million. The current VAT Receivable balance has
reduced to US$13.4 million.
Enquiries:
Shanta Gold Limited
+255 (0)22 2601
Eric Zurrin (CEO) 829
Luke Leslie (CFO)
Nominated Adviser and Broker
Peel Hunt LLP
Richard Crichton / Ross Allister
/ Chris Burrows +44 (0)20 7418 8900
Financial Public Relations
Tavistock
Jos Simson / Barney Hayward
/ Charles Vivian +44 (0)20 7920 3150
About Shanta Gold
Shanta Gold is an East Africa-focused gold producer, developer
and explorer. It currently has defined ore resources on the New
Luika project in Tanzania and holds exploration licences covering
approximately 1,500km(2) in the country. Shanta's flagship New
Luika Gold Mine commenced production in 2012 and produced 87,714
ounces in 2016. The Company has been admitted to trading on
London's AIM and has approximately 769 m shares in issue. For
further information please visit: www.shantagold.com.
END
This information is provided by RNS
The company news service from the London Stock Exchange
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