Shanta Gold (GB:SHG) has released an update.
Shanta Gold Limited has announced the court-sanctioned acquisition by Saturn Resources Ltd, a subsidiary of ETC Holdings (Mauritius) Limited, via a scheme of arrangement. The transaction, which will see Saturn Resources acquiring all issued and to be issued share capital of Shanta not already owned by the Bidco Group, is set to become effective on 10 May 2024. Trading of Shanta Shares on the London Stock Exchange’s AIM market is expected to be suspended on 10 May 2024, with cancellation anticipated by 13 May 2024.
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