SHG.L Regulatory News (SHG)

18 Sep 2006 15:04

Shanta Gold Limited18 September 2006 SHANTA GOLD LIMITED ("Shanta Gold" or the "Company") Warrant Exercise Shanta confirms that on 11 September 2006 the directors of the Company approvedan allotment of shares following the exercise of warrants over ordinary sharesof 0.01p in the share capital of the Company (the "Warrants") as set out below: Registered Holder Number of Subscription No. Of shares Exercise Price Warrants Price Pictet&Cie 3,500,000 30p 3,500,000 £1,050,000.00Pershing Keen Nominees 250,000 30p 250,000 £75,000.00Limited Application will be made for the ordinary shares created pursuant to theexercise of the Warrants (the "New Ordinary Shares") to be admitted to AIM anddealings in the New Ordinary Shares is expected to commence on 22 September2006. The total number of issued ordinary shares in the Company, including the NewOrdinary Shares, is now 95,358,772 ordinary shares, of which Pictet & Cie willhold a total of 3,500,000 ordinary shares (representing 3.67%.) Conditional Warrant Exercise In addition, also on 11 September 2006, the directors of the Companyconditionally approved an allotment of shares following the exercise of warrantsover ordinary shares of £0.01p in the share capital of the Company (the "FurtherWarrants") as set out below: Registered Holder Number of Subscription No. Of shares Exercise Price Warrants Price Beaufort Industries Inc 90,900 30p 90,900 £27,270.00Marie-Madeleine Eigenmann 70,000 30p 70,000 £21,000.00Monique du Pasquier 350,000 30p 350,000 £105,000.00Chetwynd Nominees Limited 800,000 30p 800,000 £240,000.00 The approval of the exercise of the Further Warrants is conditional upon thereceipt, by the Company, of cleared funds from each of the registered holdersset out above. On receipt of funds, application will be made for the sharescreated pursuant to the exercise of the Further Warrants to be admitted totrading on AIM. A further announcement will be made at that time. For further information contact: David Youngman, W.H. Ireland Ltd. Tel: +44 (0) 161 832 6644Walter Vorwerk, Shanta Gold Ltd Tel: +27 (0) 83 308 0080 This information is provided by RNS The company news service from the London Stock Exchange