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

SHANTA GOLD LIMITED

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

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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

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Financials ($)
Sales 2019 105 M
EBIT 2019 10,8 M
Net income 2019 6,00 M
Finance 2019 0,70 M
Yield 2019 -
P/E ratio 2019 7,91
P/E ratio 2020 3,96
EV / Sales 2019 0,59x
EV / Sales 2020 0,46x
Capitalization 62,5 M
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Number of Analysts 3
Average target price 0,13 $
Spread / Average Target 63%
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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
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