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Completion of Convertible Loan Note Restructuring

8 Jun 2016 07:00

RNS Number : 5631A
Shanta Gold Limited
08 June 2016
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8 June 2016

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Shanta Gold Limited

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

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Completion of Convertible Loan Note Restructuring

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Shanta Gold Limited (AIM: SHG), the East Africa-focused gold producer, developer and explorer,ย is today pleased to announce that all formalities to effect the written resolution referenced in the announcement of 12 May 2016 have been implemented. As such, the effective date in respect of the restructuring of the senior unsecured subordinated convertible loan notes has occurred.

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Enquiries:

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Shanta Gold Limited

Toby Bradbury (CEO)

Mark Rosslee (CFO)

+255 (0)22 2601 829

Nominated Adviser and Broker

Peel Hunt LLP

Matthew Armitt / Ross Allister / Chris Burrows

+44 (0)20 7418 8900

Financial Public Relations

Tavistock

Emily Fenton / Jos Simson

+44 (0)20 7920 3150

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About Shanta Gold

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Shanta is an East Africa-focused gold producer, developer and explorer. 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 in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 81,873 ounces in 2015. For further information please visit: www.shantagold.com.

This information is provided by RNS
The company news service from the London Stock Exchange
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