We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scotgold Resources Limited | LSE:SGZ | London | Ordinary Share | AU000XINEAK5 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSGZ
RNS Number : 3504H
Scotgold Resources Ltd
06 June 2017
Wednesday 7 June 2017 SCOTGOLD RESOURCES LIMITED (The "Company" or "Scotgold") First Scottish Gold Sale to Jewellery Industry Agreed
Scotgold Resources Ltd is delighted to announce that a sales agreement has been signed with two of Scotland's preeminent manufacturing jewellers. This agreement covers the first refining batch (approximately 16oz) of Scottish Gold made available for jewellery (and only the second refining batch produced to date) from Scotgold's Bulk Processing Trial (BPT) at the Cononish Gold and Silver Mine.
The agreement involves significant input from both Baird & Co, as the appointed refiner and the Edinburgh Assay Office who will verify the Scottish Gold's provenance through a closely monitored chain of custody. Overall management of these negotiations was undertaken by The Dragonfly Initiative as Scotgold's appointed consultant to manage the marketing and commercialization of the company's Scottish Gold.
Whilst all the parties have agreed to keep the precise terms of the sale confidential, the premium received was in excess of the 30% reserve stipulated for the Scottish Gold Rounds, auctioned in November 2016.
In addition to setting out the commercial terms for this first sale to the Scottish jewellery industry, the sales agreement includes detailed conditions for the use and marketing of the Scottish Gold, which are designed to protect the branding of this rare and precious commodity and will form the basis of all such future sales.
Upon delivery of the Scottish Gold and the production of the first unique pieces, the two authorised jewellers will make further announcements as to where and how these pieces can be obtained.
In addition to the production of Scottish Gold, the BPT continues to produce gold in the form of Pyrite concentrate, of which approximately 53 WMT have been shipped and sold under the previously announced agreement with Ocean Partners (November 2016).
Scotgold CEO, Richard Gray said "This is yet another pleasing milestone and validates our belief in the strength and value of combining Scottish Gold of proven provenance with the skill and prestige of the Scottish jewellery industry".
For further information please contact:
Scotgold Resources Stockdale Securities Capital Markets Smaller Company Limited Limited Consultants Capital Ltd ------------------- --------------------- ----------------- ---------------- Richard Gray Robert Finlay/ Simon Rothschild Rupert Williams - CEO Ed Thomas ------------------- --------------------- ----------------- ---------------- Tel: +44 (0)1838 Tel: +44 (0)20 Tel +44 (0)7703 Tel: +44 400 306 7601 6100 167 065 (0)20 3651 2911 ------------------- --------------------- ----------------- ----------------
Forward Looking Statement
Statements regarding plans with respect to the Company's mineral properties are forward-looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGROKADPDBKBPAK
(END) Dow Jones Newswires
June 07, 2017 02:00 ET (06:00 GMT)
1 Year Scotgold Resources Chart |
1 Month Scotgold Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions