New Major Shareholder

RNS Number : 1640X

Shanta Gold Limited

05 February 2013

 



5 February 2013

Shanta Gold Limited

("Shanta Gold" or the "Company")

New Major Shareholder

Shanta Gold, the East African focused gold mining company, is pleased to announce that it was notified on 4 February 2013 that RK Mine Finance Trust I, part of the Red Kite group of funds ("Red Kite"), has acquired 12,368,584 ordinary shares in Shanta Gold and share purchase warrants to acquire the equivalent number of ordinary shares in Shanta Gold (subject to an anti-dilution clause) at a strike price of 35p. Red Kite acquired the shares and warrants from Great Basin Gold Limited. The shares and warrants give Red Kite an interest in the Company of 5.2% (assuming exercise of warrants). Shanta Gold welcomes Red Kite as a shareholder of the Company.

Enquiries:

Shanta Gold Limited	Tel: [phone]
Mike Houston, CEO Edward Johnstone, FD
Nominated Adviser and Broker
Liberum Capital Limited	Tel: + 44 (0)20 3100 2000
Michael Rawlinson / Tom Fyson / Christopher Kololian
Financial Public Relations
FTI Consulting	Tel: [phone]
Billy Clegg / Oliver Winters

About Shanta Gold Limited

Shanta Gold is an East African focused gold mining company. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties. The Company's flagship New Luika Gold Mine commenced production and achieved first gold pour in August 2012. The Company is admitted to trading on AIM and has approximately 462 million shares in issue.

For further information visit the Company's website: www.shantagold.com.

 

END

 

 

HOLTAMJTMBMMBAJ