Notice to Convertible Loan Note Holders

RNS Number : 0706E

Shanta Gold Limited

25 May 2012

 



25 May 2012

Shanta Gold Limited

("Shanta Gold" or the "Company")

Notice to Convertible Loan Note Holders

Shanta Gold Limited (AIM: SHG) announces that in order to address an issue affecting settlement of secondary trades in the Convertible Loan Notes due 2017 (the "Notes"), the Company will be undertaking a 1000-for-1 reverse consolidation of the Notes. The reverse consolidation is being undertaken to amend the nominal value of notes (US$25 million) held by Computershare, the registrar of the Notes. The reverse consolidation will become effective by 1 June 2012. The terms of the Notes remain unchanged from the terms announced on 5 April 2012. No action is required by noteholders.

Application is being made for the Notes to be listed on a recognised exchange. The Company will make a further announcement on the listing process in due course.

Enquiries:

Shanta Gold Limited	Tel: [phone]
Walton Imrie / Gareth Taylor
Nominated Adviser and Broker
Liberum Capital Limited	Tel: + 44 (0)20 3100 2000
Michael Rawlinson / Clayton Bush / Christopher Kololian
Public Relations
Tavistock Communications	Tel: [phone]
Emily Fenton / Ed Portman

About Shanta Gold Limited

Shanta Gold is a Tanzania focussed gold explorer and mine developer. It currently has defined ore resources on the New Luika, Singida and Mgusu projects and holds exploration licences over a number of additional properties. The New Luika Gold Mine is currently under construction and is expecting first production in Q3 2012. The Company is admitted to trading on AIM and has approximately 319 million shares in issue.

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

 

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