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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 : 3535O
Scotgold Resources Ltd
02 October 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.
2 October 2023
Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")
Potential Administration Appointment
On 29 September, the Company announced that financing discussions were ongoing and should sufficient financing not be secured it would need to appoint an Administrator.
The Company has been informed by the most advanced prospective investor that they have decided not to proceed with the investment and have now withdrawn from the discussions it was having with Scotgold. Therefore, the directors are assessing the remaining strategic options open and are in discussion with existing funders which could result in the appointment of Administrators over the coming days.
Further announcements will be made in due course.
Scotgold Resources Limited Sean Duffy, interim CEO and CFO Peter Hetherington, Non-executive Chairman Shore Capital (Nomad and Broker) Tel +44 (0) 20 7408 Toby Gibbs / Tom Knibbs 4090
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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(END) Dow Jones Newswires
October 02, 2023 05:18 ET (09:18 GMT)
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