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SolGold PLC - Ecuador-focused exploration company - Receives further investment worth $18 million from Jiangxi Copper Co Ltd, a Chinese copper producer. The firm agrees to buy 157.1 million ordinary shares of SolGold at $0.115 per share from wholly-owned subsidiary SolGold Canada Inc. The price is a premium of about 45% to the closing middle-market share price on March 11. The shares had been acquired through SolGold’s acquisition of SolGold Canada, then called Cornerstone Capital Resources Inc in February 2023. ‘Therefore, no new shares of SolGold have been issued in connection with the investment and the company’s total issued share capital remains unchanged,’ company says. Chief Executive Officer Dan Vujcic comments: ‘As we endeavour to re-shape and streamline the SolGold investment proposition this investment by Jiangxi, at a substantial premium to Monday’s closing price, is a powerful endorsement towards the intrinsic value embedded in SolGold. The proceeds will materially strengthen our balance sheet and support current efforts to unlock further value for shareholders. ‘SolGold is very fortunate to have multiple high-quality shareholders and financiers who are willing and able to assist the company in progressing Cascabel and its highly prospective exploration portfolio.’ Current share price: 7.35 pence, closed up 20% in London on Wednesday 12-month change: down 9.9% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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