- East Africa-focused gold producer Shanta Gold said it had completed the planned acquisition Barrick Gold projects in Kenya for $14.5m in cash and shares plus a royalty.

The acquisition sum included $7.0m in cash, $7.5m in Shanta Gold shares and a 2% life of mine net smelter return royalty.

The share component of the deal would give Barrick a pro forma interest of 6.4% in Shanta Gold.

At 8:45am: [LON:SHG] Shanta Gold Ltd share price was 0p at 17.25p

Story provided by