Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Shanta Gold Limited    SHG   GB00B0CGR828

SHANTA GOLD LIMITED

(SHG)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Shanta Gold : Completion of buyback of US$5 million convertible loan notes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2019 | 01:43pm EDT

16 May 2019

Shanta Gold Limited

("Shanta" or "Company")

Completion of buyback of US$5 million convertible loan notes

Shanta Gold Limited (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is pleased to announce that the Company has completed the buyback of approximately 33.33% of the outstanding unsecured subordinated convertible loan notes due April 2020 ("Notes") formerly held by third parties (US$4.89 million of the Notes) in accordance with the scheme and timetable set out in the written resolutions passed by the holders of the Notes on 26 June 2018.

Those US$9.78 million of Notes that remain outstanding with third parties are redeemable on 10 April 2020.

Enquiries:

Shanta Gold Limited

Eric Zurrin (CEO)

+ 255 (0) 22 292 5148

Luke Leslie (CFO)

Nominated Adviser and Broker

Numis Securities Limited

Paul Gillam / John Prior / James Black

+ 44 (0) 20 7260 0000

Financial Public Relations

Tavistock

Charles Vivian / Barnaby Hayward

+ 44 (0) 20 7920 3150

About Shanta Gold

Shanta is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika project in Tanzania and holds exploration licenses covering approximately 1,500km2 in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 81,872 ounces in 2018. The Company has been admitted to trading on London's AIM and has approximately 787m shares in issue. For further information please visit: www.shantagold.com.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

Disclaimer

Shanta Gold Ltd. published this content on 16 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2019 17:42:06 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SHANTA GOLD LIMITED
08/12SHANTA GOLD : H1 2019 Interim Results and Update Presentation
PU
08/07SHANTA GOLD : Singida US$10 million Asset Level Financing and Project Update
PU
07/23SHANTA GOLD : Ilunga Underground Achieves Commercial Production
PU
07/18SHANTA GOLD : Q2 2019 Production & Operational Update
PU
07/18SHANTA GOLD : Q2 Presentation
PU
07/15SHANTA GOLD : New Luika Gold Mine Resource Upgrade
PU
06/18SHANTA GOLD : Blocklisting Six Monthly Return
PU
05/16SHANTA GOLD : Completion of buyback of US$5 million convertible loan notes
PU
05/07SHANTA GOLD : Bauhinia Creek Central Drilling Update – Targeting Mine Life..
PU
04/24SHANTA GOLD : Result of Annual General Meeting
PU
More news
Financials (USD)
Sales 2019 106 M
EBIT 2019 11,3 M
Net income 2019 6,00 M
Debt 2019 10,2 M
Yield 2019 -
P/E ratio 2019 11,8x
P/E ratio 2020 3,93x
EV / Sales2019 0,97x
EV / Sales2020 0,71x
Capitalization 92,9 M
Chart SHANTA GOLD LIMITED
Duration : Period :
Shanta Gold Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHANTA GOLD LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 0,15  $
Last Close Price 0,12  $
Spread / Highest target 63,7%
Spread / Average Target 26,0%
Spread / Lowest Target -11,7%
EPS Revisions
Managers
NameTitle
Eric Zurrin Chief Executive Officer & Executive Director
Anthony Durrant Non-Executive Chairman
Luke Alexander Leslie Chief Financial Officer & Executive Director
Ketankumar Vinubhai Patel Non-Executive Director
Robin Anthony Fryer Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SHANTA GOLD LIMITED56.45%93
FRANCO NEVADA CORP28.59%17 408
ZIJIN MINING GROUP CO., LTD.11.08%11 257
EVOLUTION MINING LTD41.46%5 853
GOLD FIELDS LIMITED71.67%4 383
SIBANYE GOLD LTD95.99%3 398