Placing via Accelerated Book Build of new Ordinary Shares – Shanta Gold

Peel Hunt is acting as NOMAD, Financial Adviser and Sole Book Runner to Shanta Gold Limited on its conditional placing (conducted via an Accelerated Book build) of new ordinary Shares at 6.5 pence per Placing Share to raise approximately US$10m (and amendment to terms of convertible loan notes and partial buy back) , as announced on 6 May, 2016.