Scotgold Resources Ltd Issue of Equity (1145C)

TIDMSGZ

RNS Number : 1145C

Scotgold Resources Ltd

05 February 2020

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

5 February 2020

Scotgold Resources Limited

("Scotgold" or the "Company")

Issue of Equity

Scotgold Resources Limited (AIM: SGZ) announces that 2,856 fully paid ordinary Scotgold shares ("Option Shares") have been issued on conversion of options exercisable at GBP0.40 on or before 31 December 2019. Notices of exercise for these options were received prior to expiry on 31 December 2019, however issue was delayed whilst further information was sought from the option holders to enable issue.

Application for Admission

Application will be made for the 2,856 Option Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on or around 11 February 2020.

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise 51,351,733 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 51,351,733. 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 Limited        Tel: [phone] 
  Richard Gray                      306 
 
 SP Angel Corporate Finance        Tel: [phone] 
  LLP                               0470 
  Nomad and Broker 
  Ewan Leggat / Charlie Bouverat 
 
 Capital Markets Consultants       Tel: [phone] 
  Financial PR                      065 
  Simon Rothschild 
 

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(END) Dow Jones Newswires

February 05, 2020 11:37 ET (16:37 GMT)