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SHG - Shanta Gold News Story

8.25p -0.2  -1.8%

Last Trade - 06/12/19

Sector
Basic Materials
Size
Small Cap
Market Cap £65.0m
Enterprise Value £89.9m
Revenue £76.2m
Position in Universe 1089th / 1840

Shanta Gold Limited - VAT Refund Received

Mon 4th November, 2019 7:00am
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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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