Investors & Media
Company releases
Share Price Movement
17 April 2008
The Board of Shanta notes the recent depreciation of the Company’s share price. The Company is not aware of any price sensitive information, which needs to be disclosed.
There is therefore no particular reason to explain the share price depreciation of the Company’s AIM securities.
Walton Imie, Chairman,commented:
‘We are well capitalised and aim to spend approximately $8.04 million to progress exploration on our projects by the year end. After this expenditure the Company should have approximately $4.35 million in residual cash’
For further information please contact:
Shanta Gold Limited
Walter Vorwerk
Tel: +27 (0)83 308 0080
Panmure Gordon (UK) Limited
Edward Farmer
+44 (0)20 7614 8384