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Solgold PLC
Symbol C : SOLG
Shares Issued 1,696,245,686
Close 2018-09-27 C$ 0.62
Recent Sedar Documents

Solgold refiles MD&A documents

2018-09-27 09:36 ET - News Release

Mr. Nicholas Mather reports

SOLGOLD CLARIFIES CONTINUOUS DISCLOSURE RECORD

As a result of an issued oriented review by staff of the Ontario Securities Commission (OSC) in connection with Solgold PLC's continuous disclosure record, Solgold has filed restated management's discussion and analysis for the year ended June 30, 2017, and its management's discussion and analysis for the nine months ended March 31, 2018, along with the certifications of the chief executive officer and the chief financial officer relating to the 2017 MD&A and the Q3 2018 MD&A. In addition, several of the company's website investor presentations were revised due to comments by OSC staff.

Solgold was selected as a part of the OSC's normal course compliance monitoring process for a full review of its compliance record. Based upon this review and at the request of the OSC, Solgold has refiled the revised continuous disclosure documents on SEDAR under the company's issuer profile.

The restatement is due to certain continuous disclosure issues identified by the OSC, as described in greater detail below.

2017 MD&A

  • Updated to include a discussion on the variations over the eight most recent quarters;
  • Updated the eight most recent quarters to include the profit or loss attributable to owners of the parent in total and on a per-share basis;
  • Additional disclosure on the exploration and evaluation spend by project area;
  • Expanded disclosure on liquidity and capital reserves.

Q3 2018 MD&A

  • Statement confirming that there are no changes in the internal control over financial reporting for the nine-month period ended March 31, 2018;
  • Updated to include a discussion on the year-to-date results;
  • Updated to include a discussion on the variations over the eight most recent quarters;
  • Updated the eight most recent quarters to include the profit or loss attributable to owners of the parent in total and on a per-share basis;
  • Additional disclosure on the exploration and evaluation spend by project area;
  • Expanded disclosure on liquidity and capital reserves.

Management certifications

  • The management certifications should have excluded the paragraph on material weakness relating to the design of the internal control over financial reporting (ICFR) in order to be consistent with the disclosure set out in the related management's discussion and analysis, which stated that Solgold's ICFR was operating effectively.

Website and investor presentations

  • The investor presentations available on the company's website contained prohibited disclosure of gross metal values from drill intersections. References to gross metal values have been removed from such investor presentations.
  • The investor presentations also have been revised to name the qualified person in order to comply with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects to be Jason Ward ((CP) BSc, Geol), the chief geologist of the company.

We seek Safe Harbor.

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