Conversion of Options

RNS Number : 4546E

Scotgold Resources Ltd

08 May 2017

 

Scotgold Resources Limited

8 May 2017

Scotgold Resources Limited

Conversion of Options and Issue of Equity

Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that 179,784 fully paid ordinary Scotgold shares ("Option Shares") have been issued on conversion of options exercisable at £0.01 on or before 30 September 2017.

Application will be made for the Option Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on 12 May 2017.

Following Admission, the Company's enlarged issued share capital will comprise 1,593,220,665 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 1,593,220,665. 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	Capital Markets Consultants	Smaller Company Capital  Ltd
Richard Gray - CEO	Robert Finlay/  Ed Thomas	Simon Rothschild	Rupert Williams
Tel: [phone]	Tel: [phone]	Tel [phone]	Tel: [phone]

 

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