REG - Shanta Gold Limited - VAT Refund Received

Shanta GoldAnnouncement

04/11/2019 07:06

RNS Number : 1141S
Shanta Gold Limited
04 November 2019
 


4 November 2019
Shanta Gold Limited
("Shanta Gold", "Shanta" or the "Company")




VAT REFUND RECEIVED
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, announces that it has received a VAT refund of US$1.4 million in the form of a cash payment at its Tanzanian wholly owned subsidiary. The current VAT Receivable balance has reduced to US$26.6 million as of 31 October 2019.
Further information will be communicated as appropriate.


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 / Gareth Tredway


+44 (0)20 7920 3150



 


About Shanta Gold
Shanta Gold 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 787 m shares in issue. For further information please visit: www.shantagold.com.
ENDS




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