07:04:54 EDT Fri 23 Aug 2019
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Solgold PLC
Symbol C : SOLG
Shares Issued 1,846,321,033
Close 2018-11-26 C$ 0.65
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Solgold issues 6.71 million shares to Newcrest unit

2018-11-26 07:28 ET - News Release

Mr. Karl Schlobohm reports


Solgold PLC has issued and allotted 6,712,200 fully paid ordinary shares of one pence each in the capital of the company to Newcrest International Pty. Ltd., a wholly owned subsidiary of Australian Stock Exchange-listed Newcrest Mining Ltd., Australia's largest gold miner and block cave mining expert.

The allotment is pursuant to top-up rights held by Newcrest under its original August, 2016, share subscription agreement.

The allotment was priced at 37.14 pence per share, based on a 10-day volume-weighted average price, in accordance with the terms of the subscription agreement.

Application will be made to the London Stock Exchange and admission is expected on or around Nov. 30, 2018.

Following the allotment of these shares, the company has on issue a total of 1,846,321,033 fully paid ordinary shares; 21.25 million share options exercisable at 40 pence and 129,887,000 share 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.

We seek Safe Harbor.

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