Shanta Gold Limited Partial Buyback Of Convertible Loan Notes (4302N)
January 18 2019 - 1:00AM
UK Regulatory
TIDMSHG
RNS Number : 4302N
Shanta Gold Limited
18 January 2019
18 January 2019
Shanta Gold Limited
PARTIAL BUYBACK OF CONVERTIBLE LOAN NOTES
Shanta Gold Limited ("Shanta") (AIM: SHG), the East
Africa-focused gold producer, developer and explorer, announces
that Rukwa Limited, a wholly owned subsidiary of Shanta has
repurchased 325,000 of the Company's' outstanding unsecured
subordinated convertible loan notes due April 2019 (the
"Convertible Loan Notes") from El Oro Limited for a total
consideration of US$276,250. This implies an 18% discount to value
of the Convertible Loan Notes based on their par value plus
interest accrued to date. Following this transaction, the value of
the remaining outstanding Convertible Loan Notes not held directly
or indirectly by Shanta is US$14,675,000. Shanta Gold
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
Charles Vivian / Barnaby Hayward / +44 (0)20 7920
Gareth Tredway 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 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 779 m 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.
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