Director/PDMR Shareholding

RNS Number : 1706X

Scotgold Resources Ltd

08 January 2014

 

SCOTGOLD RESOURCES LIMITED

("SCOTGOLD" OR "THE COMPANY")

Directors/PDMR Shareholding

Scotgold announces the following changes to directors' interests in the Company's ordinary shares of no par value ("Shares").  These changes to directors' interests result from their pre-emptive participation in the Company's recent rights issue.

Name	Number of Shares held prior to change	Number of Shares acquired	Resultant holding	Percentage interest in enlarged share capital
Christopher Sangster	6,438,250	4,828,688	11,266,938	3.04
John Bentley	1,962,500	1,471,875	3,434,375	0.93
Phillip Jackson	750,000	562,500	1,312,500	0.35

For further information please contact:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
John Bentley (Chairman) Tel: + 44 (0)7785 921505 Chris Sangster (CEO)	Richard Baty / Martin Davison	Simon Rothschild
Tel: [phone]	Tel: [phone]	Tel [phone]

Australia:

Scotgold Resources Limited	Professional Public Relations
Peter Newcomb (Company Secretary)	Belinda Newman
Tel:         [phone]	Tel:         [phone] Mobile:   [phone]

Background

Scotgold Resources

•           Scotgold Resources is a mining exploration and development company listed on the Australian Securities Exchange in January 2008 and the AIM market of the London Stock Exchange in the UK in February 2010.

•           The Company was formed with its sole focus on exploring for gold and silver in Scotland, with the already identified Cononish Gold and Silver Project as its core asset. Once in production, the Project will be Scotland's first commercial gold mine.

•           The Company holds Crown options of some 4200km2 covering the highly prospective Dalradian terrain in the SW Grampians of Scotland

•           Scotgold acquired the Cononish Gold and Silver Project in 2007 and has been working towards bringing the project to production in conjunction with its ongoing exploration efforts at Cononish and in the south west Grampians.

•           In July 2011 Scotgold submitted its reapplication for planning permission, which was recommended for approval in October 2011 subject to finalizing conditions and various legal agreements

•           In February 2012, the Decision Notice granting planning permission was issued by the Planning Authority and the Crown lease granted in May 2012

 

END

 

 

RDSLIFFALTITIIS