Shanta Gold Limited
("Shanta" or "the Company")
Share Price Movement
The Board of Shanta notes
the recent depreciation of the Company's share price. The Company is
not aware
of any price sensitive information, which needs to be disclosed.
There is therefore
no particular reason to explain the share price depreciation of the
Company's
AIM securities.
Walton Imie, Chairman,
commented:
"We are well capitalised
and aim to spend approximately $8.04 million to progress exploration
on our projects
by the year end. After this expenditure the Company should have
approximately
$4.35 million in residual cash"
For further information:
Shanta Gold Limited http://www.shantagold.com
Walter (Wally) Vorwerk
Mobile: +27 (0) 83 308 0080
Panmure Gordon (UK) Limited
Edward Farmer
+44 (0) 20 7614 8384
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