Exercise of Options

RNS Number : 1210S

Scotgold Resources Ltd

15 November 2011

 



SCOTGOLD RESOURCES LIMITED

("SCOTGOLD" OR THE "COMPANY")

EXERCISE OF OPTIONS

Scotgold (ASX:SGZ, AIM: SGZ) wishes to announce that it has issued and allotted 25,721 new ordinary shares of zero nominal value ("New Shares") in the Company following the exercise of options with an exercise price of AUS$0.08 per share.

An application for admission of the New Shares to trading on AIM will be submitted and trading is expected to commence on 21 November 2011.

The total number of shares in issue following the issue of the New Shares is 193,886,550.

For further information please contact:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
John Bentley (Chairman) Chris Sangster (CEO)	Richard Baty / Petre Norton	Simon Rothschild /Elena Kuza
Tel: [phone]	Tel: [phone]	Tel [phone]

Australia:

Scotgold Resources Limited	Professional Public Relations
Shane Sadleir (Non-Executive Director)	Karen Oswald
Tel:       [phone] Mobile: [phone]	Tel:      [phone] Mobile: [phone]

 

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