Shanta Gold (GB:SHG) has released an update.
Shanta Gold Limited is set to be acquired by Saturn Resources Ltd, a subsidiary of ETC Holdings (Mauritius) Limited, through a court-sanctioned scheme of arrangement, with all necessary regulatory approvals received from Kenya and Tanzania. The acquisition process has met with shareholder approval and is progressing towards completion, with key dates for court hearing and scheme effectiveness announced for early May 2024. Investors and stakeholders of Shanta Gold Limited are anticipating the final stages of this acquisition, which is expected to conclude in the first half of 2024.
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