VAT Refund Received

RNS Number : 8966V

Shanta Gold Limited

08 November 2017

 

8 November 2017

Shanta Gold Limited

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

VAT REFUND RECEIVED

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, is pleased to announce that it has received a VAT refund of US$3.4 million, which is made up of a US$1.9 million offset against corporate taxes payable in 2016 and 2017 and a cash payment to the Company of US$1.5 million. The current VAT Receivable balance has reduced to US$13.4 million.

Enquiries:

Shanta Gold Limited
Eric Zurrin (CEO)	[phone]
Luke Leslie (CFO)
Nominated Adviser and Broker
Peel Hunt LLP
Richard Crichton / Ross Allister / Chris Burrows	[phone]
Financial Public Relations
Tavistock
Jos Simson / Barney Hayward / Charles Vivian	[phone]

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 licences covering approximately 1,500km² in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 87,714 ounces in 2016. The Company has been admitted to trading on London's AIM and has approximately 769 m shares in issue. For further information please visit: www.shantagold.com.

END

 

END

 

 

MSCUGGWAGUPMURR