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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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SolGold plc Announces Placement 55.5 Million Shares At GBP0.035 To Raise AUD3Million

Wednesday, 3 Oct 2012 03:58am EDT 

SolGold plc announced that the Company has entered agreements for a placing of 55,555,556 shares at GBP0.035 per share for gross proceeds of AUD3million with institutional and private investors. The raising was underwritten by Mather Investments (Qld) Pty Ltd, an entity associated with SolGold Executive Director, Nicholas Mather. The shares are expected to be admitted to trading on AIM on October 8, 2012. The Company intends to use the funds raised to continue to progress its exploration and project development efforts across its portfolio of projects in the Solomon Islands, Ecuador and Queensland, Australia. 

Company Quote

0.125 +2.13%
19 Sep 2014