Exercise of Options

RNS Number : 2048H

Scotgold Resources Ltd

24 May 2011

 



SCOTGOLD RESOURCES LIMITED ("SCOTGOLD" OR THE "COMPANY")

EXERCISE OF OPTIONS

Scotgold (ASX:SGZ, AIM: SGZ) wishes to announce that it has allotted 348,839 ordinary shares of zero nominal value in the Company following the exercise of options with an exercise price of AUS$0.08 per share.

An application for admission of the new shares to trading on AIM has been submitted and trading is expected to commence on 31 May 2011.

The total number of shares in issue following the exercise of options is 161,304,411.

For further information please contact:

United Kingdom:

Scotgold Resources Limited	Westhouse Securities Limited	Bankside Consultants
John Bentley (Chairman) Chris Sangster (CEO)	Richard Baty / Petre Norton	Simon Rothschild /Louise Mason
Tel: [phone]	Tel: [phone]	Tel [phone]

Australia:

Scotgold Resources Limited	Professional Public Relations
Shane Sadleir (Non-Executive Director)	Karen Oswald
Tel:       [phone] Mobile: [phone]	Tel:      [phone] Mobile: [phone]

 

END

 

 

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