Shanta Gold Limited Completion of buyback of convertible loan notes (2908Z)

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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May 16, 2019 07:05 ET (11:05 GMT)