|SolGold PLC - AIM: SOLG.l carries a diverse portfolio of exploration projects in Ecuador, Solomon Islands and Australia.|
SolGold has been focused on the Andean Copper Belt in Northern Ecuador since 2012. The Cascabel Project is SolGold's flagship project.
Further to its previous market releases of 26 September 2016 and 14 October 2016, and following the approvals obtained at the Company’s General Meeting of Shareholders, the Board of SolGold Plc ("SolGold" or "Company"; AIM code: SOLG) is pleased to advise that the Company is today issuing a total of 142,896,661 new ordinary shares of 1p each (“Ordinary Shares”) for a total consideration of USD22,863,466 to Newcrest International Pty Ltd, a wholly owned subsidiary of ASX-listed Newcrest Mining Ltd (Newcrest), Australia’s largest gold miner and block cave mining expert.
The new Ordinary Shares will be issued at a price of US16 cents per share.