Shanta Gold Gets Approaches; Says Any Offer From Yintai Gold Likely To Be Solely In Cash

Shanta Gold Limited (SHG.L), which recently confirmed approaches from other gold makers, Wednesday stated that based on further discussions, any offer from Yintai Gold Co., Ltd is likely to be solely in cash.

On October 18, Shanta Gold, responding to a press article, confirmed that it received approaches from Shandong Gold Group Co., Ltd, Yintai Gold Co., Ltd and Chaarat Gold Holdings Ltd which may or may not result in an offer for the Company.

Shanta further had confirmed that based on its discussions to date, any offer from Shangdong is likely to be solely in cash.

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