Conversion of Convertible Notes Etc

RNS Number : 7634I

Scotgold Resources Ltd

02 September 2016

 

Scotgold Resources Limited

2 September 2016

Scotgold Resources Limited

Conversion of Convertible Notes and Issue of Equity

Scotgold Resources Limited (ASX:SGZ, AIM: SGZ) ("Scotgold" or the "Company") announces that 36,666,667 fully paid ordinary Scotgold shares ("New Shares") have been issued following the conversion of convertible notes held by Alexander Littlejohn, Richard Harris and Golden Matrix Holdings Pty Ltd. The conversion of these convertible notes was previously approved by shareholders at the meeting of 30 July 2014. 

Application will be made for the 36,666,667 New Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on 8 September 2016.

Following Admission, the Company's enlarged issued share capital will comprise 1,536,940,881 ordinary shares with voting rights. The Company does not hold any shares in treasury, therefore the total number of shares in the Company with voting rights will be 1,536,940,881. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

For further information please contact:

Scotgold Resources Limited                 Stockdale Securities Limited

Richard Gray                                             Robert Finlay / Ed Thomas

Tel: [phone]                          Tel: [phone]

Capital Markets Consultants                  Vicarage Capital Limited

Simon Rothschild                                       Rupert Williams

Tel [phone]                           Tel: [phone]

 

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