SHG Shanta Gold Limited

TIDMSHG

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 1,500km(2) 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

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November 04, 2019 02:00 ET (07:00 GMT)

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