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SOLGOLD PLC — Share Issue/Capital Change 2014
Jun 2, 2014
4848_rns_2014-06-02_1e72b711-17f6-4139-a1bb-9697e4ff2ebe.html
Share Issue/Capital Change
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RNS Number : 5580I
SolGold PLC
02 June 2014
2 June 2014
SolGold Plc
("SolGold" or the "Company")
Announcement to London Stock Exchange
Expiry of Options
SolGold plc ("SolGold" or the "Company") advises that 3,846,000 unlisted 50p Director Options, originally allotted in 2011, expired on 30 May 2014.
Following the expiry of the abovementioned unlisted options, the Company now has a total of 652,153,202 fully-paid ordinary shares on issue and admitted to trading. The Company also has the following options on issue:
· 12,820,000 options exercisable at 50p;
· 10,550,000 options exercisable at 28p;
· 7,550,000 options exercisable at 14p; and
· 3,000,000 options exercisable at 6p.
By order of the Board
Karl Schlobohm
Company Secretary
Contacts:
Mr Alan Martin
SolGold Plc (CEO and Managing Director) Tel: +61(0)488 223 828
Mr Nicholas Mather Tel: +61 (0)7 3303 0665
SolGold Plc (Executive Director)
Mr Karl Schlobohm Tel: +61 (0)7 3303 0661
SolGold Plc (Company Secretary)
Mr Ewan Leggat / Ms Katy Birkin Tel: +44 (0)20 3463 2260
SP Angel Corporate Finance LLP (Nomad and Broker)
Mr Dominic Barretto / Ms Anna Legge Tel: +44 (0)20 3664 4087
Yellow Jersey PR Limited (Financial PR)
NOTES TO EDITORS
SolGold's exploration projects are located in northern Ecuador, Australia, and the Solomon Islands. In Ecuador, they consist of a JV with Cornerstone Capital Resources Inc. on the Cascabel copper-gold project. In Australia, SolGold holds 100% of the Rannes, Mt Perry, Cracow West and Normanby Projects, all in southeast Queensland. In the Solomon Islands they comprise the Fauro Project (located on Fauro Island), and the Lower Koloula, Malukuna and Kuma licenses which are located on Guadalcanal.
The Cascabel copper-gold project is located approximately 180 km by sealed road north of Ecuador's capital, Quito, 20 km south of the Colombian border, and 75 km inland from the coastal city of San Lorenzo.
At the Rannes project SolGold has announced indicated and inferred resources of 18.7 million tonnes at 0.9 g/t gold equivalent (gold + silver) for 550,146 ounces of gold equivalent (296,657 ounces of gold and 10,137,736 ounces of silver; see announcement dated 23 May 2012 for details of the resource statement and gold equivalent ratios). The Rannes project is currently under review.
In the Solomon Islands, a soil geochemical survey and 3D modelling of magnetic data is being considered at Kuma, while a JV partner is being sought for the Fauro project to pursue drilling of gold-copper targets defined in the 2011 exploration program.
SolGold's objective is to create substantial shareholder value by discovering and defining world class copper-gold deposits.
SolGold's Board includes accomplished professionals with strong track records in the areas of exploration, mine development, investment, finance and law. Board and Management have significantly vested interests in the Company, holding approximately 13% of its issued share capital.
SolGold is based in Brisbane, Queensland, Australia. The Company listed on the AIM market operated by the London Stock Exchange plc in 2006, under the AIM code 'SOLG' and currently has a total of 652,153,202 fully-paid ordinary shares on issue. The Company also has 12,820,000 options exercisable at 50p, 10,550,000 options exercisable at 28p, 7,550,000 options exercisable at 14p, and 3,000,000 options exercisable at 6p on issue.
This information is provided by RNS
The company news service from the London Stock Exchange
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