TIDMSGZ

RNS Number : 9744A

Scotgold Resources Ltd

04 January 2018

Scotgold Resources Limited

4 January 2018

Scotgold Resources Limited

Director/PDMR Dealings

Scotgold Resources Limited (AIM:SGZ) (the "Company" or "SGZ") advises that certain of the directors and a PDMR of the Company participated in the recently completed non-renounceable rights issue, at a price of GBP0.25 per new ordinary share, that was first announced on 13 November 2017 (the "Rights Issue"). The relevant director/PDMR participations and their resulting holdings in the Company are as follows:

Richard Gray (Director and Chief Executive Officer)

   Holding prior to Rights Issue:              52,043 ordinary shares in SGZ 
   Rights Issue entitlement:                    34,695 new ordinary shares in SGZ 
   Rights Issue shortfall shares:             10,000 new ordinary shares in SGZ

Following the Rights Issue, Mr Gray holds 96,738 ordinary shares in the Company, representing 0.36% (previously 0.33%) of the Company's issued share capital. In addition, Mr Gray now holds 8,939 options to acquire one share each at an exercise price of GBP0.40, expiring on 31 December 2019. Prior to the Rights Issue, Mr Gray held no options in the Company.

Christopher Sangster (Non-Executive Director)

   Holding prior to Rights Issue:              182,045 ordinary shares in SGZ 
   Rights Issue entitlement:                      20,000 new ordinary shares in SGZ 
   Rights Issue shortfall shares:             -

Following the Rights Issue, Mr Sangster holds 202,045 ordinary shares in the Company, representing 0.76% (previously 1.14%) of the Company's issued share capital. In addition, Mr Sangster now holds 4,000 options to acquire one share each at an exercise price of GBP0.40, expiring on 31 December 2019. Prior to the Rights Issue, Mr Sangster held no options in the Company.

David Swan (Chief Financial Officer - PDMR)

   Holding prior to Rights Issue:              10,000 ordinary shares in SGZ 
   Rights Issue entitlement:                      6,667 new ordinary shares in SGZ 
   Rights Issue shortfall shares:               3,333 new ordinary shares in SGZ

Following the Rights Issue, Mr Swan holds 20,000 ordinary shares in the Company, representing 0.07% (previously 0.06%) of the Company's issued share capital. In addition, Mr Swan now holds 2,000 options to acquire one share each at an exercise price of GBP0.40, expiring on 31 December 2019. Prior to the Rights Issue, Mr Swan held no options in the Company.

Nat le Roux's (Non-Executive Chairman) participation in and underwriting of the Rights Issue, and his resulting holding, was disclosed in the Company's announcement dated 21 December 2017.

For further information please contact:

   Scotgold Resources Limited                                        Stockdale Securities Limited

Richard Gray Robert Finlay / Ed Thomas

   Tel: +44 (0)1838 400 306                                                  Tel: +44 (0)20 7601 6100 
   Capital Markets Consultants                                        Smaller Company Capital Ltd 
   Simon Rothschild                                                             Rupert Williams 
   Tel +44 (0)7703 167 065                                                   Tel: +44 (0)20 3651 2911

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 04, 2018 06:05 ET (11:05 GMT)

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