REG - Scotgold Resources - Issue of Equity and Total Voting Rights

Scotgold ResourcesAnnouncement

19/12/2022 07:00

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RNS Number : 0778K  Scotgold Resources Ltd  19 December 2022

19 December 2022

Scotgold Resources Limited

("Scotgold" or the "Company)

Issue of Equity and Total Voting Rights

 

 Scotgold Resources Limited (AIM: SGZ), the gold exploration and production
company focused on Scotland, announced it has applied for the admission to
trading on AIM of 150,000 depositary interests of no par value in the Company
("New Ordinary Shares"). These shares were issued pursuant to the exercise of
options that were granted to an ex-employee.

Application will be made for the 150,000 New Ordinary Shares to be admitted to
trading on AIM ("Admission") and Admission is expected to take place on or
around 22 December 2022.

Following Admission, the Company's enlarged issued share capital will comprise
of 59,673,291 ordinary shares of no par value with voting rights. The Company
does not hold any shares in treasury, therefore the total number of shares in
the Company with voting rights will be 59,673,291. This figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company.

**ENDS**

For further information please visit www.scotgoldresources.com
(http://www.scotgoldresources.com) or contact the following:

 

 Scotgold Resources Limited      Shore Capital             Celicourt Communications

 Chief Executive Officer         Nomad and Broker          Financial PR

 Phil Day                        Toby Gibbs / John More    Felicity Winkles
 Via Celicourt Communications    Tel +44 (0) 20 7408 4090  Tel +44 (0) 208 434 2643

                                                           Tel +44 (0) 774 8843 871

 

Notes

Scotgold Resources Ltd (AIM: SGZ), is Scotland's and the UK's first commercial
gold producer. The Company poured first gold in November 2020 at its Cononish
Gold and Silver Mine ('Cononish) in Tyndrum, Scotland and is developing it
into a +23,500-ounce gold mine per annum by Q1 2023. Cononish is a high-grade
underground mining operation with a central processing plant producing gold
concentrate for off-take and gold doré for the Scottish Jewellery industry.
Once in full production, the mine has anticipated forecast operating costs of
c.£544/oz AISC, which will place Cononish in the lowest quartile of gold
mining operations globally.

Scotgold is committed to responsible mining and is pleased to report it is one
of the few global gold producers that does not use cyanide for either its
flotation gold concentrate production or gravity gold at Cononish.

It is Scotgold's vision to build a mid-tier gold mining company in Scotland
with multiple operations in the country that enhance the local environment and
economy in ways that have an enduring positive impact.

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