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Shanta Gold shares rise 10% in first day of trading in London
Source: Bloomberg
Publication: Bloomberg
11 July 2005
July 11 (Bloomberg) -- Shares of Shanta Gold Ltd., which explores for gold in Tanzania, rose 10 percent on their first day of trading on London's Alternative Investment Market.
Shanta Gold raised almost 3.5 million pounds ($6.1 million) by selling 17.2 million shares at 25 pence apiece, the Guernsey, U.K.-based company said in an e-mailed statement today. The shares rose as much as 2.5 pence to 27.5 pence and were at that price as of 9:45 a.m. in London. That values the company at 17.1 million pounds.
W.H. Ireland Ltd. advised on the sale.