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Shanta Gold Ltd Announces Oversubscribed $35 Million Equity Financing


Thursday, 18 Oct 2012 02:00am EDT 

Shanta Gold Ltd announced that with reference to the announcement made on October 17, 2012 the Company announced that 127,988,856 new ordinary shares in the Company have been successfully placed by Liberum Capital Limited with institutional and other investors. The placing price has been set at 17 pence per share. The Placing Price is equivalent to a 18.6% discount to the closing mid-market price of an Ordinary Share on the AIM market of the London Stock Exchange plc (AIM) on October 16, 2012. Accordingly the equity placing will raise gross proceeds of approximately GBP21.8 million (approximately USD35 million). The Placing Shares represent approximately 38% of Shanta's issued share capital prior to the Equity Placing. 

Company Quote

13.65
-0.5 -3.54%
7:41am EDT