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Shanta Gold said rejected bids did not reflect value of the business

Shanta Gold said rejected bids did not reflect value of the business

Shanta Gold Limited (AIM:SHG, OTC:SAAGF) chief executive Eric Zurrin speaks to Proactive after announcing that three potential takeover bids for the company have come to nothing.

The East Africa-focused gold producer revealed in October that it had received approaches from Shandong Gold, Yintai and Chaarat Gold.

Zurrin says that the Shanta board is "not about to sell out early at prices that don't reflect the right value for our shareholders" and drew attention to what he considers the company's "really exciting future".

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