Investors & Media
Company releases
Director’s Dealing and Issue of Equity
2 June 2008
Shanta Gold Limited (‘the Company’) announces that, on 28 May 2008, the directors of the Company approved an allotment of ordinary shares of 0.01p in the share capital of the Company, as set out below:
| Registered holder | Increase in No. of Ordinary Shares | Total No. of Ordinary Shares | % of Issued Ordinary Shares |
|---|---|---|---|
| Mr Walton Imrie | 81,333 | 6,117,946 | 6.09% |
This allotment is in terms of the Mr Imrie’s executive service contract. The award is based on remuneration of $7500 at a strike issue price of 0.085p for March and 0.0738p for April.
Following the issue Mr Imrie will hold 6,117,946 Ordinary Shares, amounting to 6.09% of the Company’s total issued share capital.
Application will be made for the new Ordinary Shares issued (the ‘New Ordinary Shares’) to be admitted to AIM and dealings in the New Ordinary Shares is expected to commence on 6 June 2008.
The total number of issued ordinary shares in the Company, including the New Ordinary Shares, is now 100,397,909 ordinary shares.
For further information please contact:
Shanta Gold Limited
Walter Vorwerk
Tel: +27 (0)83 308 0080