Investors & Media
Company releases
Notice of exercise of warrants
22 February 2007
Shanta confirms that on 20 February 2007 the directors of the Company approved an allotment of shares following the exercise of warrants over ordinary shares of 0.01p in the share capital of the Company (the “Warrants”) as set out below:
| Registered Holder | Number of Warrants | Subscription Price | No. Of shares | Subscription Value |
|---|---|---|---|---|
| Détente Limited | 17,200 | 30p | 17,200 | £5,160.00 |
| Ferlim Nominees Limtied | 20,000 | 30p | 20,000 | £6,000.00 |
Application will be made for the ordinary shares created pursuant to the exercise of the Warrants (the “New Ordinary Shares”) to be admitted to AIM and dealings in the New Ordinary Shares is expected to commence on 28 February 2007.
The total number of issued ordinary shares in the Company, including the New Ordinary Shares, is now 96,787,911 ordinary shares.
For further information contact:
David Youngman, W.H. Ireland Ltd.
Tel: +44 (0) 161 832 6644
Walter Vorwerk, Shanta Gold Ltd
Tel: +27 (0) 83 308 0080