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Metal & Mining Stocks
SolGold plc (TSX:SOLG) Secures US$18 Million Investment from Jiangxi Copper
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Highlights
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.
The agreed price for the shares represents a premium of approximately 45% over the closing middle-market share price on 11 March 2025. This investment is part of Jiangxi Copper's ongoing interest in SolGold, which it initially acquired through the purchase of Cornerstone Capital Resources Inc. (now SolGold Canada Inc.) in 2022. It’s important to note that no new shares of SolGold are being issued in this transaction, meaning that the Company’s total issued share capital will remain unchanged.
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