Loan Conversion Update

RNS Number : 6660F

Shefa Gems Ltd

16 July 2019

 

B"H

16 July 2019

Shefa Gems Ltd.

("Shefa Gems" or the "Company")

Loan Conversion Update

As announced by Shefa Gems (LSE: SEFA), a company focused on advanced exploration and development of multi-gemstone projects in Northern Israel, on 9 July 2019, the Company will be seeking Admission for 5,061,055 new ordinary shares following a conversion of loans. These shares will now be admitted on 17 July 2019 rather than 15 July 2019 as previously stated.

- Ends -

Enquiries

Shefa Gems Ltd
Michael Rosenberg, OBE - Chairman  www.shefayamim.com	[phone]
VSA Capital Limited - Financial Adviser
Andrew Raca	[phone]
SI Capital Limited - Broker and Strategic Adviser
Nick Emerson and Jon Levinson	[phone] / [phone]
Luther Pendragon
Harry Chathli, Alexis Gore, Rachel So	[phone]

Notes to Editors

About Shefa Gems Ltd

Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of precious stones operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields.

All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Furthermore, its permits, granted to it by the Commissioner of Mines, extend over an area of approximately 600,000 Dunam (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.  

Alongside its exploration activities, the Company is building on the launch of the "Heaven on Earth" jewellery collection, created by world-renowned designer Yossi Harari, and developing the Company's "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.

The exclusive "Heaven on Earth" collection is now available to view online on the website of the designer Yossi Harari at: www.yossiharari.com/collections/heaven-on-earth

For further information please visit the website at www.shefayamim.com 

 

END

 

 

MSCGRGDRXUBBGCL