Exercise of Warrants and Issue of Equity

Shanta Gold Limited

 

("Shanta Gold" or the "Company")

 

Exercise of Warrants and Issue of Equity

 

19 December 2011

 

Further to the announcement of 6 July 2010, which details the issue of warrants to certain parties in connection with financing of the feasibility study, Shanta Gold announces that 1,699,346 new Ordinary Shares of 0.01p each have today been allotted and issued pursuant to the exercise of the same number of warrants at the exercise price of 10p. The exercise of warrants has resulted in a remittance of funds to the Company of a total of GBP169,934.60.

Application has been made to the London Stock Exchange for a total of 1,699,346 new Ordinary Shares of 0.01p each in the Company to be admitted to trading on AIM. Admission of the 1,699,346 new Ordinary Shares to trading is expected to become effective on 23 December 2011.

Following the issue of the 1,699,346 new Ordinary Shares as detailed above, the Company's issued share capital will consist of 271,560,546 ordinary shares of 0.01p. The total number of voting shares in issue immediately following Admission will be 271,560,546. The Company holds no ordinary shares in treasury.

Contacts:

Shanta Gold Limited  
Walton Imrie   Tel: [phone]
Gareth Taylor   Tel: [phone]

Nominated Adviser and Broker  
Fairfax I.S. PLC
Tel: [phone]
Ewan Leggat / Laura Littley

Financial Relations
Tavistock Communications
Tel: [phone]
Emily Fenton/Ed Portman

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Source: Shanta Gold Limited via Thomson Reuters ONE

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