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SOLGOLD PLC ORD - SLGGF STOCK NEWS

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.

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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.

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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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SolGold has disclosed its total issued share capital, totaling 2,476,051,501 ordinary shares with voting rights. The company currently holds no shares in treasury, allowing this figure to serve as the denominator for shareholders determining their interest notifications. Operating in the Andean Copper Belt, SolGold focuses on world-class copper and gold deposits while adhering to international best practices. The company is committed to delivering value to shareholders while minimizing environmental impacts and fostering community benefits.

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SolGold announced that all resolutions at the 2022 Annual General Meeting were approved, with significant majority votes. Key resolutions include:

  • Directors' Remuneration: 90.07% in favor
  • Electing Directors: Range from 57.55% to 95.07% in favor
  • Re-appointing auditors: 99.78% in favor
  • Authority to Allot Shares: 68.81% in favor

However, certain resolutions received over 20% votes against. The company noted that excluding significant shareholders may have influenced outcomes.

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SolGold announced on December 12, 2022, the acquisition of 1,000,000 ordinary shares at a price of US$0.20 per share by directors Scott Caldwell and James Clare as part of a capital raise. This transaction, valued at US$200,000, is designated as an initial notification concerning managerial responsibilities. The acquisitions took place outside a trading venue. SolGold is committed to transparency and continues its focus on developing world-class copper and gold deposits.

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SolGold announces a successful placement of 180 million new ordinary shares at a price of US$0.20 per share, raising a total of US$36 million. Major investor Jiangxi Copper subscribed for 155 million shares, marking a strategic endorsement of SolGold's Cascabel project in Ecuador. Following the issuance, Jiangxi will hold approximately 6.3% of the company, which will now have 2,476,051,501 ordinary shares in total. Admission to the London and Toronto Stock Exchanges is expected on December 13, 2022.

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SolGold (LSE:SOLG)(TSX:SOLG) announced the requirement to refile its financial statements for FY2022 and Q1 FY2023 as part of regulatory materials for its merger with Cornerstone. The annual financial statements for June 30, 2022, will include amended auditor’s opinions and restatement of previous financials. The Q1 FY2023 financials will see minor amendments including the update on the Going Concern assessment and correction of the number of ordinary shares from 2,295,751,871 to 2,295,152,615. The amended documents are available on SEDAR.

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SolGold PLC disclosed a change in voting rights held by Norges Bank, who acquired shares resulting in a total of 82,875,000 voting rights, equating to a 3.61% interest. On December 5, 2022, the voting rights threshold was crossed, with the notification made on December 6, 2022. The previous voting rights held were 3.07% of shares. The acquisition reflects Norges Bank's ongoing strategic investment approach in SolGold.

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SolGold has successfully completed a US$50 million royalty financing agreement with Osisko Gold Royalties for its Cascabel copper-gold project in Ecuador. Osisko will receive a 0.6% royalty based on net smelter returns from the project. Interim CEO Scott Caldwell emphasized that this partnership enhances SolGold's capacity for growth and exploration, positioning the company to create more shareholder value. Osisko CEO Sandeep Singh expressed excitement about participating in the development of the Cascabel project, recognizing its quality and size in the mining sector.

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SolGold will hold its Annual General Meeting (AGM) on December 22, 2022, in Brisbane, Australia. The Board of Directors recommends shareholders vote FOR all resolutions. Historically, voter turnout has been under 75%, emphasizing the importance of retail shareholder participation. The meeting materials are available on SEDAR and the SolGold website. Changes in the board include non-re-elections of directors Elodie Grant Goodey and Kevin O'Kane, with new appointments to key committees.

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FAQ

What is the current stock price of SOLGOLD PLC ORD (SLGGF)?

The current stock price of SOLGOLD PLC ORD (SLGGF) is $0.08 as of December 23, 2024.

What is the market cap of SOLGOLD PLC ORD (SLGGF)?

The market cap of SOLGOLD PLC ORD (SLGGF) is approximately 309.1M.

What is SolGold PLC ORD (SLGGF) focused on?

SolGold is dedicated to the discovery, definition, and development of world-class copper and gold deposits, with a strong emphasis on shareholder value creation and social responsibility.

What recent achievement did SolGold announce?

SolGold recently signed the Exploitation Contract for the Cascabel Project in Ecuador, setting legal and financial terms for the project's development and highlighting its commitment to responsible mining.

What is the significance of the Complementary Investment Protection Agreement for the Cascabel Project?

The agreement represents the largest mining investment in Ecuadorian history and includes a commitment to invest $3.2 billion over subsequent years, underscoring SolGold's dedication to the project and partnership with the Ecuadorian government.

How does SolGold contribute to economic and social development 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.

What values does SolGold uphold in its operations?

SolGold operates with transparency, international best practices, and a commitment to providing economic and social benefits to impacted communities while minimizing environmental impact.

SOLGOLD PLC ORD

OTC:SLGGF

SLGGF Rankings

SLGGF Stock Data

309.11M
1.42B
52.82%
7.9%
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