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Solgold PLC
Symbol C : SOLG
Shares Issued 1,839,608,833
Close 2018-11-07 C$ 0.64
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Solgold issues 2.59 million shares to BHP Billiton

2018-11-08 14:47 ET - News Release

Mr. Nicholas Mather reports


Solgold PLC has issued and allotted a further 2,596,826 fully paid ordinary shares of one pence each to BHP Billiton Holdings Ltd.

The allotment is pursuant to top-up rights held by BHP pursuant to its share subscription agreement, as outlined in detail in Solgold's market release of Oct. 16, 2018. The allotment was priced at 38.88 cents per share, based on a 10-day VWAP (volume weighted average price), in accordance with the terms of the agreement.

Application has been made for the new shares to be admitted to the standard segment of the official list of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. Admission is expected on or around Wednesday, Nov. 14, 2018. This allotment will restore BHP's interest in the company to its previous 11.18 per cent of Solgold's issued share capital. Following the allotment of the abovementioned employee options, the company now has a total of 1,839,608,833 fully paid ordinary shares on issue, together with 21.25 million share options exercisable at 40 pence and 129,887,000 share options exercisable at 60 pence.

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