StockMarketWire.com - Shanta Gold said it has reviewed the news release from Helio Resource in which it purported to reject Shanta's termination of the arrangement agreement dated 19 June.
The Company responded by saying:
"Shanta maintains that it has validly terminated the Arrangement Agreement as a result of the potential impact on Helio of the bills signed into law in Tanzania on 10 July 2017, after having taken professional advice and given due consideration to its decision. Shanta's position, and advice, remains that it had clear and compelling rights to terminate the Arrangement Agreement and that the Arrangement Agreement was validly terminated."
At 1:59pm: [LON:SHG] Shanta Gold Ltd share price was -0.13p at 4.25p
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