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Loan Conversion Update

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RNS Number : 6660F
Shefa Gems Ltd
16 July 2019
 

B"H

 

16 July 2019

 

Shefa Gems Ltd.

 

("Shefa Gems" or the "Company")

 

Loan Conversion Update

 

 

As announced by Shefa Gems (LSE: SEFA), a company focused on advanced exploration and development of multi-gemstone projects in Northern Israel, on 9 July 2019, the Company will be seeking Admission for 5,061,055 new ordinary shares following a conversion of loans. These shares will now be admitted on 17 July 2019 rather than 15 July 2019 as previously stated.

 

- Ends -

 

 

Enquiries

 

Shefa Gems Ltd


Michael Rosenberg, OBE - Chairman 

www.shefayamim.com

+44 20 7938 4026



VSA Capital Limited - Financial Adviser


Andrew Raca

+44 20 3005 5000



SI Capital Limited - Broker and Strategic Adviser


Nick Emerson and Jon Levinson

+44 20 3871 4038 / +44 1483 413500



Luther Pendragon


Harry Chathli, Alexis Gore, Rachel So

+44 20 7618 9100

 

 

Notes to Editors

 

About Shefa Gems Ltd

 

Shefa Gems Ltd (LSE: SEFA) is a multi-commodity explorer of precious stones operating in Northern Israel. Exploration activity is managed by professionally skilled and technically competent personnel and is accompanied by an international team of geological experts with decades of proven experience in their fields.

 

All exploration activities are conducted under international standards and the internationally recognised SAMREC 2016 Code. Furthermore, its permits, granted to it by the Commissioner of Mines, extend over an area of approximately 600,000 Dunam (60,000 hectares) that includes the Kishon River, the volcanic bodies on Mount Carmel, the Zevulun and Yizre'el valleys and their margins - Menashe Hills, Tivon-Alonim Hills, and Nazareth range. The Company upholds environmental values and protects the nature in the areas where it operates, cooperating fully with all authorities.  

 

Alongside its exploration activities, the Company is building on the launch of the "Heaven on Earth" jewellery collection, created by world-renowned designer Yossi Harari, and developing the Company's "Mine to Market" strategy to promote unique jewellery collections utilising Shefa Gems' suite of precious gemstones.

 

The exclusive "Heaven on Earth" collection is now available to view online on the website of the designer Yossi Harari at: www.yossiharari.com/collections/heaven-on-earth

 

For further information please visit the website at www.shefayamim.com 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Shefa Gems Ltd

Price: 3.5

Market: LSE
Market Cap: £6.03 m
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