Scotgold Resources Ltd Conversion of Options and Issue of Equity (7780M)

TIDMSGZ

RNS Number : 7780M

Scotgold Resources Ltd

10 January 2019

Scotgold Resources Limited

10 January 2019

Scotgold Resources Limited

Conversion of Options and Issue of Equity

Scotgold Resources Limited (AIM: SGZ) ("Scotgold" or the "Company") announces that 687 fully paid ordinary Scotgold shares ("Option Shares") have been issued on conversion of options exercisable at GBP0.40 on or before 31 December 2019.

Application has been made for the 687 New Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on or around 16 January 2019

Following Admission, the Company's enlarged issued share capital will comprise 45,639,546 ordinary shares with voting rights. The Company does not hold any shares in treasury, therefore the total number of shares in the Company with voting rights will be 45,639,546. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

For further information please contact:

For further information -

 
              Scotgold Resources Limited                 Tel: +44 (0)1838 400 
               Richard Gray                               306 
              SP Angel Corporate Finance                 Tel +44 (0) 20 3470 
               LLP                                        0470 
               Nomad and Joint Broker 
               Ewan Leggat / Charlie 
               Bouverat 
              Capital Markets Consultants                  Tel: +44(0)7703 167 065 
               Financial PR 
               Simon Rothschild

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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