SHG Shanta Gold Limited

TIDMSHG

RNS Number : 8966V

Shanta Gold Limited

08 November 2017

8 November 2017

Shanta Gold Limited

("Shanta Gold", "Shanta" or the "Company")

VAT REFUND RECEIVED

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, is pleased to announce that it has received a VAT refund of US$3.4 million, which is made up of a US$1.9 million offset against corporate taxes payable in 2016 and 2017 and a cash payment to the Company of US$1.5 million. The current VAT Receivable balance has reduced to US$13.4 million.

Enquiries:

 
 Shanta Gold Limited 
                                     +255 (0)22 2601 
 Eric Zurrin (CEO)                    829 
 Luke Leslie (CFO) 
 Nominated Adviser and Broker 
 Peel Hunt LLP 
 Richard Crichton / Ross Allister 
  / Chris Burrows                    +44 (0)20 7418 8900 
 
 Financial Public Relations 
 Tavistock 
 Jos Simson / Barney Hayward 
  / Charles Vivian                   +44 (0)20 7920 3150 
 

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 project in Tanzania and holds exploration licences covering approximately 1,500km(2) in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 87,714 ounces in 2016. The Company has been admitted to trading on London's AIM and has approximately 769 m shares in issue. For further information please visit: www.shantagold.com.

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The company news service from the London Stock Exchange

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November 08, 2017 03:54 ET (08:54 GMT)

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