LONDON (Dow Jones)-- Shanta Gold Ltd (SHG.LN), said Monday that all of the investors who financed the feasibility study of the Chunya project, have entered into lock-in agreements with the Company. MAIN FACTS: -Under the terms of the lock-in agreements, the Investors have undertaken not to dispose of any of the ordinary shares of 0.01 pence each in the company beneficially held by them for a period of 12 months commencing July 9. -Furthermore, the Investors have agreed, for a further period of 12 months commencing July, 92011, to only dispose of their interests in any Ordinary Shares through the Company's appointed broker and only with the consent of the Company's broker and nominated adviser. -In addition, the Investors have agreed that any interests in Ordinary Shares acquired by them pursuant to the exercise of an option or warrant over Ordinary Shares in the Company during the First Restricted Period shall also be deemed to be locked-in until the end of the First Restricted Period. -The terms of the lock-in agreements apply to a total of 11,540,033 ordinary shares which is 9.06% of the current issued share capital of the company. -Shares closed Friday at 18.75 pence, valuing the company at GBP23.87 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 26, 2010 03:49 ET (07:49 GMT)