Shanta Gold (GB:SHG) has released an update.
Shanta Gold Limited has announced the unconditional regulatory approvals received for its Acquisition by Saturn Resources Ltd, to be executed via a court-sanctioned scheme of arrangement under Guernsey law. The Acquisition, which has already been approved by the Competition Authority of Kenya and received positive shareholder resolutions, is expected to become effective in the first half of 2024. Shanta is now awaiting a court hearing date to finalize the Acquisition timetable.
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