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| 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 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2022 to Dec 2024
TIDMSGZ
RNS Number : 1950U
Scotgold Resources Ltd
22 November 2023
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
22 November 2023
Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")
Planned Appointment of Administrators
On 7 November, the Company announced that it was considering the appointment of Administrators over the coming days.
The board are continuing to work with advisors and expect to proceed with an administration process for SGZ Cononish Limited soon.
In addition, Bridge Barn, who are the secured creditor over the assets of SGZ Cononish Limited have notified the Company that they enforced their rights under the loan agreement signed on 17 May 2018. These include rights over the shares held by the Company in SGZ Grampian Limited.
SGZ Cononish Limited and SGZ Grampian Limited represent the only substantive assets of the Company and as such the board are also exploring the appointment of administrators in Australia over Scotgold Resources Limited.
Further announcements will be made in due course.
**ENDS**
Scotgold Resources Limited Sean Duffy, interim CEO and CFO Via Celicourt Communications Shore Capital (Nomad and Broker) Tel +44 (0) 20 7408 Toby Gibbs / Tom Knibbs 4090 Celicourt Communications (Financial Tel +44 (0) 774 8843 PR) 871 Felicity Winkles / Ariana Fanning
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END
APPDFLFLXFLLFBK
(END) Dow Jones Newswires
November 22, 2023 02:00 ET (07:00 GMT)
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