5 Feb 2013 13:08
5 February 2013
Shanta Gold Limited
("Shanta Gold" or the "Company")
New Major Shareholder
Shanta Gold, the East African focused gold mining company, is pleased to announce that it was notified on 4 February 2013 that RK Mine Finance Trust I, part of the Red Kite group of funds ("Red Kite"), has acquired 12,368,584 ordinary shares in Shanta Gold and share purchase warrants to acquire the equivalent number of ordinary shares in Shanta Gold (subject to an anti-dilution clause) at a strike price of 35p. Red Kite acquired the shares and warrants from Great Basin Gold Limited. The shares and warrants give Red Kite an interest in the Company of 5.2% (assuming exercise of warrants). Shanta Gold welcomes Red Kite as a shareholder of the Company.
Enquiries:
Shanta Gold Limited | Tel: +255 (0) 22 2601 829 |
Mike Houston, CEO Edward Johnstone, FD | |
Nominated Adviser and Broker | |
Liberum Capital Limited | Tel: + 44 (0)20 3100 2000 |
Michael Rawlinson / Tom Fyson / Christopher Kololian | |
Financial Public Relations | |
FTI Consulting | Tel: +44 (0)20 7269 7100 |
Billy Clegg / Oliver Winters |
About Shanta Gold Limited
Shanta Gold is an East African focused gold mining company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production and achieved first gold pour in August 2012. The Company is admitted to trading on AIM and has approximately 462 million shares in issue.
For further information visit the Company's website: www.shantagold.com.