Mr. Nicholas Mather reports
The directors of Solgold PLC have been advised of a sale of 850,000 shares in Solgold by The Mather Foundation Ltd., a philanthropic auxiliary foundation trust fund of which Solgold's chief executive officer, Nicholas Mather, is a director.
The sale was finalized to address obligated philanthropic and charitable donations to prostate cancer research, mental health and homelessness organizations, and emergency flight care services in Australia. Each financial year the Mather Foundation is required to monetize assets and make cash donations to third party charitable organizations. The financial year-end in Australia is June 30.
Mr. Mather said,
"The sale is in no way an indication of a diminished outlook in respect of the value of Solgold or its growth outlook in the future."
The sale represents less than 1 per cent of the total shareholdings associated with Mr. Mather in Solgold.
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