Welcome to our dedicated page for SOLGOLD PLC ORD news (Ticker: SLGGF), a resource for investors and traders seeking the latest updates and insights on SOLGOLD PLC ORD stock.
SOLGOLD PLC ORD (SLGGF) is a leading resources company dedicated to the discovery, definition, and development of world-class copper and gold deposits. The company focuses on the efficient delivery of shareholder objectives, along with value creation and economic benefits for impacted communities. SolGold is committed to operating transparently and in line with international best practices while ensuring shareholder value and promoting social and environmental responsibility.
Recently, SolGold made significant progress with the signing of the Complementary Investment Protection Agreement for the Cascabel Project in Ecuador, representing the largest mining investment in the country's history. The agreement includes a commitment to invest $3.2 billion over subsequent years, highlighting the Company's dedication to the project and its partnership with the Ecuadorian government.
The signing of the Exploitation Contract for the Cascabel Project further solidifies SolGold's position, setting legal and financial terms for the project's development. This milestone underscores the company's commitment to sustainable growth, shared prosperity, and responsible mining in Ecuador. SolGold's extensive exploration efforts have led to the discovery of one of the world's largest copper-gold porphyry deposits, showcasing the project's potential to boost the Ecuadorian economy and drive regional development.
SolGold has appointed Chris Stackhouse as Chief Financial Officer, effective April 17, 2023. Stackhouse has over 20 years of finance experience, notably with Guyana Goldfields where he was involved in developing and financing the Aurora Gold Mine. Scott Caldwell, previously interim CEO, has been confirmed as CEO and President of SolGold Ecuador, emphasizing the company’s focus on sustainable growth in Ecuador. To secure Caldwell’s position, an award of 30 million options at £0.17 per share was granted, contingent on performance criteria. The board plans to seek shareholder approval for amendments to the Remuneration Policy to ensure alignment with shareholder interests.
SolGold has announced that its prospectus has been approved by the Financial Conduct Authority and published on February 22, 2023. This prospectus pertains to the admission of 525,954,360 shares to the Official List and trading on the London Stock Exchange as part of a plan to acquire shares of Cornerstone Capital Resources. The shares are set to commence trading on February 27, 2023, and no funds are being raised in connection to this admission. Upon admission, the total issued share capital will be 3,002,005,861 shares.
SolGold has released its interim financial results for the half year ending December 31, 2022. Key highlights include the company's continued focus on discovering and developing major copper and gold deposits in the Andean Copper Belt, which contributes to around 40% of global copper production. SolGold is committed to transparency, sustainable practices, and delivering value to shareholders. The full interim financial report and management discussion are accessible via the company's website and the provided links.
SolGold has updated on its acquisition of Cornerstone Capital Resources, confirming approval from Cornerstone's shareholders and the Court of King's Bench of Alberta. The Acquisition will be executed through a court-approved plan of arrangement, with SolGold set to issue shares instead of cash. Cornerstone shareholders will receive 15 SolGold shares for each share they own. The company plans to release the prospectus shortly, aiming for a swift completion of the acquisition.
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