Conversion of Options and Issue of Equity

RNS Number : 6830I

Scotgold Resources Ltd

22 March 2018

 

Scotgold Resources Limited

23 March 2018

Scotgold Resources Limited

Conversion of Options and Issue of Equity

Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that 450 fully paid ordinary Scotgold shares ("Option Shares") have today been issued on conversion of options exercisable at £0.40 on or before 31 December 2019.

Application will be made for the 450 Option Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on 28 March 2018.

Following Admission, the Company's enlarged issued share capital will comprise 28,365,799 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 28,365,799. 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:

For further information -

Scotgold Resources Limited Richard Gray	Tel: [phone]
SP Angel Corporate Finance LLP Nomad and Joint Broker Ewan Leggat / Charlie Bouverat	Tel [phone]
Smaller Company Capital Ltd Joint Broker Rupert Williams	Tel: [phone]
Capital Markets Consultants Financial PR Simon Rothschild	Tel: [phone]

 

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