Non-Renounceable Issue - Extension of Closing Date

RNS Number : 5693V

Scotgold Resources Ltd

16 December 2013

Scotgold Resources Limited

Non-renounceable Rights Issue

Extension of Closing Date

Scotgold Resources Limited ("Scotgold" or the Company" advises that it has extended the closing date for its current non-renounceable rights issue from 23 December 2013 to 31 December 2013.

As announced on 26 November 2013, Scotgold offered a non-renounceable pro rata rights issue of up to 166,174,304 fully paid ordinary shares on the basis of three new shares for every four shares held by Scotgold's shareholders with a registered address in Australia, New Zealand or United Kingdom as at 5.00pm (WST) on 5 December 2013 "Eligible Shareholders") at an issue price of 0.50 cents per new share.

Eligible Shareholders may also elect to participate in the shortfall and apply for new shares in excess of their pro rata entitlements under the Rights Issue. The shortfall may also be placed with third parties at the Board's discretion.

The revised timetable is as follows:

Event	Date
Closing Date for Rights Issue Offer	31-Dec-13
Notification to ASX of under subscriptions	6-Jan-14
Allotment	6-Jan-14
Dispatch of holding statements	7-Jan-14

P J Newcomb

COMPANY SECRETARY

For further information please contact:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
John Bentley (Chairman)	Richard Baty / Martin Davidson	Simon Rothschild
Tel: +44 (0)77 8592 1505
Chris Sangster (CEO)
Tel: +44 (0)77 2562 9509	Tel: +44 (0)20 7601 6100	Tel +44 (0)20 7367 8888