Shefa Gems Ltd Correction of total voting rights (4397R)

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RNS Number : 4397R

Shefa Gems Ltd

30 June 2020

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30 June 2020

Shefa Gems Ltd.

("Shefa Gems" or the "Company")

Correction of Total Voting Rights

Shefa Gems (LSE: SEFA), a company focused on advanced exploration and development of multi-gemstone projects in Northern Israel, announced on 24 January 2020 (RNS number: 9054A), that the Company had intended to issue 3,411,620 new ordinary shares to a Loan Holder as security for a convertible loan to be made to the Company. Following the global lockdown caused by COVID-19, these shares were not in fact allotted or issued to the Loan Holder, but were nevertheless erroneously included in the Company's total voting rights.

Following the admission of the ordinary shares as a result of the loan conversions as announced on 25 June 2020 (RNS number: 9697Q), the Company's total issued share capital with voting rights is 201,347,822. This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

- Ends -

Enquiries

 
 Shefa Gems Ltd 
 Michael Rosenberg, OBE - Chairman 
  www.shefagems.com                   [phone] 
                                     ----------------------- 
 
 VSA Capital Limited - Financial 
  Adviser 
                                     ----------------------- 
 Andrew Raca                          [phone] 
                                     ----------------------- 
 
 SI Capital Limited - Broker 
                                     ----------------------- 
                                      [phone] / +44 
 Nick Emerson and Jon Levinson         1483 413500 
                                     ----------------------- 
 
 

Notes to Editors

About Shefa Gems Ltd

Shefa Gems Ltd (LSE: SEFA) is an explorer and developer of precious stones deposits operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields. It has two flagship projects, Mount Carmel and the Kishon Reach.

With its international geological consultant team, Shefa Gems has established a "Source to Sink" geological model and the presence of a Target Mineral Assemblage of gemstones ("TMA Suite") in both primary volcanic sources and in secondary alluvial deposits lying within the Kishon catchment, on Mount Carmel and in the Zevulun and Yizre'el valleys and their margins. The TMA suite comprises Precious Stones (Diamond, rare natural moissanite, sapphire, ruby, Carmel Sapphire(TM), garnet, hibonite, spinel, ilmenite) and heavy minerals including zircon and rutile.

All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Its three permits, granted to it by the Commissioner of Mines at the Ministry of Energy, Natural Resources Administration, Israel, extend over an area of approximately 488,366 Dunams (48,836 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins.

Alongside its exploration activities, the Company is building on the launch of the "Heaven on Earth" jewellery collection and developing the Company's "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.

The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.

The exclusive "Heaven on Earth" collection is now available to view online on the website of the designer Yossi Harari at: https://www.yossiharari.com/collections/heaven-on-earth-1

For further information please visit the website at www.shefagems.com

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June 30, 2020 02:00 ET (06:00 GMT)