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Highlights
- Jiangxi Copper to acquire 157,141,000 shares of SolGold at a premium of 45%.
- SolGold’s total issued share capital remains unchanged, no new shares issued.
- Jiangxi Copper to offer technical consulting services for SolGold's Cascabel Project.
SolGold plc (TSX:SOLG), a prominent mining company, has announced that its wholly-owned subsidiary, SolGold Canada Inc., has entered into a share purchase agreement with Jiangxi Copper (Hong Kong) Investment Company Limited (JCCHK), a subsidiary of Jiangxi Copper Company Limited (JCC). Under the agreement, JCCHK will purchase 157,141,000 ordinary shares of SolGold at a price of US$0.115 per share, raising gross proceeds of approximately US$18 million.
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