REG - Shanta Gold Limited - Appointment of Independent Non-Executive Director

Shanta GoldAnnouncement

22/05/2023 07:15

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RNS Number : 1148A  Shanta Gold Limited  22 May 2023

22 May 2023

Shanta Gold Limited

("Shanta" or the "Company")

Appointment of Independent Non-Executive Director

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and
explorer, is pleased to confirm that, following the completion of the
appropriate background checks, Matthieu Bos has been appointed as independent
Non-Executive Director of the Company.

As announced on 24 April 2023, Mr Bos is a trained metallurgist and former
mining investment banker with experience across Africa. Mr Bos is currently
the President and CEO of SRG Mining, an advanced stage graphite development
company with assets in Guinea and backed by the La Mancha Fund. Mr Bos
previously worked as Executive Vice President Africa for Ivanhoe Mines in the
Democratic Republic of Congo. Mr Bos was a key member of the team that
delivered the world-class Kamoa-Kakula Copper Project in the Democratic
Republic of the Congo and was actively involved in US$3 billion in equity and
debt financings from various strategic and institutional investors, including
Zijin Mining and CITIC Metal.

The following information is disclosed pursuant to Rule 17 and Schedule 2(g)
of the AIM Rules for Companies.

The names of all companies and partnerships of which Matthieu Francois Thierry
Bos, aged 39, is, or has been a director or partner at any time in the
previous five years are set out below.

 Current directorships or partnerships  Previous directorships or partnerships (in the last five years)
 Findus Resources Ltd                   Ivanhoe Mines UK Limited
                                        Gardner & Barnard Mining UK Limited
                                        RKR Mining Limited
                                        Rhenfield Limited
                                        Kengere Limited
                                        Makoko SA
                                        Kipushi Corporation SA

 

Mr Bos has no personal interest in the ordinary shares of Shanta Gold Limited.
Save as set out in this announcement, there are no further details to be
disclosed under Rule 17 or Schedule 2(g) of the AIM Rules for Companies in
respect of Mr Bos.

 

 

 Shanta Gold Limited
 Eric Zurrin (CEO)                                   +44 (0) 14 8173 2153
 Michal Devine (CFO)

 Nominated Adviser and Joint Broker
 Liberum Capital Limited
 Scott Mathieson / Kane Collings / Nikhil Varghese   +44 (0) 20 3100 2000

 Joint Broker
 Tamesis Partners LLP
 Charlie Bendon / Richard Greenfield                 +44 (0) 20 3882 2868

 Public Relations
 FTI Consulting
 Sara Powell / Nick Hennis                          +44 (0) 20 3727 1426

 

About Shanta Gold

 

Shanta Gold is an East Africa-focused responsible gold producer, developer,
and explorer. The company has an established operational track record, with
defined ore resources on the New Luika and Singida projects in Tanzania, with
reserves of 625 koz grading 2.91 g/t, and exploration licences covering
approximately 800 km(2) in the country. Alongside New Luika and Singida,
Shanta also owns the high-grade West Kenya Project in Kenya and licences with
resources of 1.7 million ounces including 722 Koz in the Indicated category
grading 11.45 g/t. With a healthy balance sheet, a growing diversified
portfolio and a maiden dividend paid in 2021, Shanta offers a resilient
investment opportunity for the near and long-term. Shanta is quoted on
London's AIM market (AIM: SHG) and has approximately 1,051 million shares in
issue.

 

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