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Shanta Gold Limited

Publié le 12 mai 2016

Passing of Written Resolution and Total Voting Rights

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Passing of Written Resolution and Total Voting Rights


12 May 2016

Shanta Gold Limited ("Shanta" or the "Company")

Passing of Written Resolution and Total Voting Rights

Shanta Gold Limited (AIM: SHG), the East Africa-focused gold producer, developer and explorer, is today pleased to announce that further to the announcement made on 6 May 2016 regarding the posting of the written resolution to the convertible loan note holders of the US$25.0 million senior unsecured subordinated convertible loan notes (the "Notes"), the written resolutions have been duly passed as Extraordinary Resolutions on 11 May 2016 receiving over 75 per cent. of votes in favour from the convertible loan note holders. The conditionality in respect of the written resolution has been satisfied and the formalities to effect the written resolution will now be implemented.

Following the passing of the written resolution and satisfaction of the above-mentioned conditionality a subsidiary of the Company shall now proceed to purchase US$10.0 million of the Notes within 45 days of this announcement in accordance with the scheme set out in the written resolution ("Scheme"). Once the Company announces that all formalities have been completed (which shall be the Effective Date and which shall be within 45 days of the date of this announcement), the term of the Notes will be extended by two years to April 2019 with a concurrent increase to the coupon from 8.5 per cent. to 13.5 per cent.

Indicatively, the proposed record date for the Scheme will be 14 days from the date of this announcement and the proposed payment date will be 21 days from the date of this announcement. This will however be confirmed in due course.

Application has been made to London Stock Exchange plc ("LSE") for the Placing Shares in relation to the Placing announced on 6 May 2016 to be admitted to trading on AIM, the market owned and operated by the LSE ("AIM"), ("Admission"). It is expected that Admission will take place at 8.00 am on 13 May 2016.

Shanta's enlarged issued ordinary share capital immediately following the issue of the Placing Shares will be 580,220,283 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Shanta Gold Limited

Toby Bradbury (CEO) Mark Rosslee (CFO)

+255 (0) 22 292 5148

For more information please contact: Enquiries:

Financial Adviser, Nominated Adviser and Broker

Peel Hunt LLP

Matthew Armitt / Ross Allister / Chris Burrows

+ 44 (0)20 7418 8900

Financial Public Relations


Emily Fenton / Jos Simson

+44 (0)20 7920 3150

About Shanta Gold Limited

Shanta is an East Africa-focused gold producer, developer and explorer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences over a number of additional properties in the country. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 81,873 ounces in 2015. The Company has been admitted to trading on London's AIM. For further information please visit:www.Shantagold.com.

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Shanta Gold Limited

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Shanta Gold est une société d’exploration minière d'or basée au Guernesey.

Shanta Gold détient divers projets d'exploration en Tanzanie.

Son principal projet en développement est SINGIDA en Tanzanie et ses principaux projets en exploration sont SONGEA, CHUNYA, MGUSU et JAMHURI en Tanzanie.

Shanta Gold est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 7,7 milliards GBX (9,2 milliards US$, 8,1 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 1,00 GBX, et son plus haut niveau récent le 13 octobre 2023 à 10,00 GBX.

Shanta Gold possède 769 491 787 actions en circulation.

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Nominations de Shanta Gold Limited
22/09/2011[AIM: SHG] appointment of CEO and Board changes
Projets de Shanta Gold Limited
29/03/2012[AIM: SHG] New Luika Gold Mine Progress Update
31/01/2012exceptional results received from RC drilling campaign at Ne...
30/09/2011(Jamhuri)[AIM: SHG]- Definition drilling at Jamhuri prospect
23/08/2011(Singida)[AIM: SHG] - Feasibility Study supports development of gold ...
Communiqués de Presse de Shanta Gold Limited
15/07/2016Pilot-scale production to commence at Singida Gold Project i...
15/07/2016Pilot-scale production to commence at Singida
06/07/2016New Luika Gold Mine, Ilunga Exploration Update
27/06/2016New Luika underground project update
20/06/2016Blocklisting Six Monthly Return
17/06/2016Director Dealing in Convertible Loan Notes
14/06/2016Director Dealing
08/06/2016Completion of Convertible Loan Note Restructuring
06/06/2016Result of Open Offer
03/06/2016Result of Annual General Meeting 2016
02/06/2016Result of Annual General Meeting
25/05/2016Directors Dealings
12/05/2016Passing of Written Resolution and Total Voting Rights
12/05/2016Written Resolution and Total Voting Rights
06/05/2016Preliminary Results for the year ended 31 December 2015
21/06/2012[AIM: SHG] successful Wet Commissioning of the New Luika Pla...
30/01/2012[AIM: SHG] update on funding and fundraising
11/07/2011=5BAIM=3A SHG=5D placing to raise =A315=2E1 million to bring...
29/06/2011Spectacular gold grades in Bauhinia Creek western extension
14/06/2011Definition Infill Drilling Results at the Luika Prospect
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