Shanta Gold Limited Completion of buyback of convertible loan notes (2908Z)
16 May 2019 - 9:05PM
UK Regulatory
TIDMSHG
RNS Number : 2908Z
Shanta Gold Limited
16 May 2019
16 May 2019
Shanta Gold Limited
("Shanta" or "Company")
Completion of buyback of US$5 million convertible loan notes
Shanta Gold Limited (AIM: SHG), the East Africa-focused gold
producer, developer and explorer, is pleased to announce that the
Company has completed the buyback of approximately 33.33% of the
outstanding unsecured subordinated convertible loan notes due April
2020 ("Notes") formerly held by third parties (US$4.89 million of
the Notes) in accordance with the scheme and timetable set out in
the written resolutions passed by the holders of the Notes on 26
June 2018.
Those US$9.78 million of Notes that remain outstanding with
third parties are redeemable on 10 April 2020.
Enquiries:
Shanta Gold Limited
+ 255 (0) 22 292
Eric Zurrin (CEO) 5148
Luke Leslie (CFO)
Nominated Adviser and Broker
Numis Securities Limited
+ 44 (0) 20 7260
Paul Gillam / John Prior / James Black 0000
Financial Public Relations
Tavistock
+ 44 (0) 20 7920
Charles Vivian / Barnaby Hayward 3150
About Shanta Gold
Shanta 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 licenses covering
approximately 1,500km-(2) in the country. Shanta's flagship New
Luika Gold Mine commenced production in 2012 and produced 81,872
ounces in 2018. The Company has been admitted to trading on
London's AIM and has approximately 787m shares in issue. For
further information please visit: www.shantagold.com.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
ENDS
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END
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