Shanta Gold Limited : Notice of EGM & Grant of ...

6 January 2012

Shanta Gold Limited

Extraordinary General Meeting
Grant of share options

Shanta Gold Limited ("Shanta Gold" or "the Company") today gave notice of its intention to hold an extraordinary general meeting of the Company to be held at 10.00 a.m. on 15 February 2012 at Suite A, St Peter Port House, Sausmarez Street, St Peter Port, Guernsey.

The Board of Shanta Gold announces that on 6 January 2012 it approved the award of options to certain employees of the Company under the terms of the Company's Employee Share Option Plan. A total of 3,030,000 options, equivalent to approximately 1.12% of the current issued ordinary share capital of the Company, have been awarded to 33 employees. The share options have an exercise price of 23.13p and 25% vest immediately, 25% will vest on the first anniversary of the award and the balance of 50% will vest on the second anniversary of the award.

Options have only been awarded to employees who are not Directors of the Company and who were not in possession of any unpublished price sensitive information.

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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