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SolGold plc has provided an update on the delayed Cornerstone Capital merger, with closing expected the week of February 27, 2023, pending FCA prospectus approval. The Company plans to restructure its workforce for optimal resource allocation and is seeking a new CFO. Despite the delays, SolGold has raised US$86 million through investments to support its strategic review and enhance project efficiency. Key evaluations include financing alternatives and potential asset spin-outs, particularly for the Cascabel Project. The Company aims to foster a performance-oriented culture to maximize shareholder value.
