Shanta Gold Limited
(‘Shanta Gold’ or ‘the Company’)
Directors’ Shareholdings and Issue of Equity
Shanta Gold announces that application has today been made for 186,209 new
ordinary shares of 0.01p each in the Company to be admitted to trading on the
AIM market of the London Stock Exchange. Further to the announcement on 30 June
2009 (providing for certain Directors to accept shares in the Company in lieu of
salary), the shares were allotted to certain Directors of the Company on 7
January 2010 in lieu of salaries for the month of December 2009 in relation to
Mr Walton Imrie, Mr Walter Vorwerk and Mr David Scott.
Shares have been allotted to directors as follows:
+--------------+-------------+-----------+-----------------+-----------+
|Director |Shares Issued|Share Price|Resultant Holding|Resultant %|
+--------------+-------------+-----------+-----------------+-----------+
|Walton Imrie |64,063 |7.25p |8,882,300 |8.47% |
+--------------+-------------+-----------+-----------------+-----------+
|Walter Vorwerk|71,323 |7.25p |429,547 |0.41% |
+--------------+-------------+-----------+-----------------+-----------+
|David Scott |50,823 |7.25p |297,959 |0.28% |
+--------------+-------------+-----------+-----------------+-----------+
The shares were issued at the closing mid-market price on the last business day
of the calendar month and converted at the exchange rate ruling at the close of
business on that date.
The new shares will rankpari passu with existing ordinary shares and dealings
are expected to commence in the new ordinary shares on 13 January 2010.
Following the allotment of the above new ordinary shares, the Company’s issued
share capital will be 104,809,200 ordinary shares of 0.01p each.
For further information, please contact:
Shanta Gold Limited
Walter Vorwerk Tel: +27 (0) 83 308 0080
Fairfax I.S. PLC
Ewan Leggat / Laura Littley Tel: +44 (0) 207 598 5368
[HUG#1371385]