PLACING

RNS Number : 7923N

Scotgold Resources Ltd

12 September 2013

 

SCOTGOLD RESOURCES LIMITED

PLACEMENT TO ZIO HOLDINGS LTD

Scotgold Resources Limited (ASX: SGZ, AIM: SGZ) (Scotgold) is pleased to announce it has agreed to issue 10 million fully paid ordinary Scotgold shares to Zio Holdings Ltd (Company No. 077015) a company incorporated in Mauritius (Zio), at an issue price of AUD$0.02 each to raise AUD$200,000.

Scotgold expects to issue the shares to Zio this week.

Additionally, Scotgold has agreed to give Zio a non-exclusive right to conduct due diligence enquiries into Scotgold and the Cononish Project with a view to Zio making further investments in Scotgold, subject to any relevant shareholder or regulatory approvals.

For further information please contact:

United Kingdom:

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

Australia:

Professional Public Relations
Belinda Newman
Tel:       [phone] Mobile: [phone]

 

END

 

 

IOEVFLFFXKFZBBV