Issue of Options

RNS Number : 9472G

Scotgold Resources Ltd

05 July 2012

 



SCOTGOLD RESOURCES LIMITED

("SCOTGOLD" OR THE "COMPANY")

ISSUE OF OPTIONS

Scotgold (ASX:SGZ, AIM: SGZ) announces that following the announcement entitled 'RMB Agreement' and 'Pre Development  Financing for the Cononish mine agreed with RMB Resources' (see Press Release 2nd July 2012), the Company confirms that the facility provides for RMB Australia Holdings Limited (RMB) to acquire up to 26,222,222 ordinary shares in Scotgold, which is within the 15% permitted without shareholder approval under ASX listing rule 7.1. The exercise price for the RMB options is £0.045 per ordinary share.

For further information please contact:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
John Bentley (Chairman) Chris Sangster (CEO) Tel [phone]	Richard Baty / Petre Norton	Simon Rothschild /Elena Kuza
Mobile: [phone]	Tel: [phone]	Tel [phone]

Australia:

Scotgold Resources Limited	Professional Public Relations
Shane Sadleir (Non-Executive Director)	Belinda Newman
Tel:       [phone] Mobile: [phone]	Tel:      [phone] Mobile: [phone]

 

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