Shanta Gold Limited Termination of Arrangement Agreement (3500O)
August 18 2017 - 1:00AM
UK Regulatory
TIDMSHG
RNS Number : 3500O
Shanta Gold Limited
18 August 2017
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT
WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF
SUCH JURISDICTIONS.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION
OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW
ORDINARY SHARES OF SHANTA GOLD LIMITED IN ANY JURISIDICTION IN
WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
18 August 2017
SHANTA GOLD LIMITED
("Shanta Gold", "Shanta" or the "Company")
SHANTA GOLD TERMINATES THE ARRANGEMENT AGREEMENT WITH HELIO
RESOURCE CORP.
Shanta Gold (AIM: SHG) announces that it has delivered notice to
Helio Resource Corp. ("Helio") (TSXV: HRC) of its termination of
the arrangement agreement dated as of 19 June 2017 (Vancouver time)
(the "Arrangement Agreement") with Helio as a result of the
potential impact on Helio of the bills signed into law in Tanzania
on 10 July 2017. Accordingly, having taken professional advice and
upon due consideration, Shanta Gold will not be acquiring all of
the issued and outstanding common shares of Helio as previously
announced.
Enquiries:
Shanta Gold Limited
Eric Zurrin (CEO) +255 (0)22 2601 829
Nominated Adviser and Broker
Peel Hunt LLP +44 (0)20 7418 8900
Matthew Armitt / Ross Allister / Chris Burrows
Financial Public Relations
Tavistock +44 (0)20 7920 3150
Jos Simson / Emily Fenton / Barney Hayward
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, Nkuluwisi and Singida projects in Tanzania and holds
exploration licences over a number of additional properties in the
country. Shanta's flagship New Luika Gold Mine commenced production
in 2012 and produced 87,713 ounces in 2016. The Company is admitted
to trading on London's AIM and has approximately 766 million shares
in issue.
For further information please visit: www.Shantagold.com.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRFDLLFDVFZBBX
(END) Dow Jones Newswires
August 18, 2017 02:00 ET (06:00 GMT)
Shanta Gold (LSE:SHG)
Historical Stock Chart
From Apr 2024 to May 2024
Shanta Gold (LSE:SHG)
Historical Stock Chart
From May 2023 to May 2024