Posting of Rights Issue Offer Document

RNS Number : 9108U

Scotgold Resources Ltd

06 December 2013

 

6 December 2013

SCOTGOLD RESOURCES LIMITED

("SCOTGOLD" OR "THE COMPANY")

Posting of Rights Issue Offer Document

Scotgold is pleased to announce the posting today of the Company's Offer Document for its pro-rata non-renounceable rights issue of three shares for every four shares held by shareholders as announced on 26 November 2013.

A copy of the Offer Document is available on the Investor's section of the Company's website.

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

 

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