Mr. Karl Schlobohm
SOLGOLD ANNOUNCES UPDATED HOLDING OF BHP
Solgold PLC has allotted and issued 100 million new ordinary shares to BHP Billiton Holdings Ltd. pursuant to the share subscription arrangements previously announced on Oct. 16, 2018.
BHP has also advised that, in fulfilment of the obligations of Rule 5 of the DTR, and as a result of this allotment of shares with voting rights, BHP has acquired an interest in 100 million additional shares of one penny each in the capital of the company, which has had the effect of increasing their total shares held to 203,125,000 ordinary shares, or approximately 11.18 per cent of the company's issued share capital.
Following this allotment, the company now has on issue a total of 1,816,387,454 fully paid ordinary shares, 21.45 million options exercisable at 28 pence, 21.25 million options exercisable at 40 pence and 47,012,000 options exercisable at 60 pence.
About Solgold PLC
Solgold is a leading exploration company focused on the discovery and definition of world-class copper and gold deposits. In 2017 Solgold's management team was recognized by the "Mines and Money" forum as an example of excellence in the industry, and continue to strive to deliver objectives efficiently and in the interests of shareholders. Solgold is the largest and most active concession holder in Ecuador and is aggressively exploring the length and breadth of this highly prospective and gold-rich section of the Andean copper belt.
© 2019 Canjex Publishing Ltd. All rights reserved.