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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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSGZ
RNS Number : 2813S
Scotgold Resources Ltd
22 June 2018
22 June 2018
Scotgold Resources Limited
("the Company" or "Scotgold")
Update on sale of French Subsidiary
The Company wishes to update the market on the status of the sale of its French subsidiary, as announced on 15 March 2018 ("the Transaction"). The sale is conditional upon the parties receiving satisfactory acknowledgement from the Minerals Resources Office of the Ministry for Economy and Finance of France, that the transfer of shares is acceptable. The Company has not yet received such acknowledgement and until such time as acknowledgement is received and the contract for sale of the French subsidiary becomes unconditionally enforceable, there must exist some uncertainty that the sale will conclude, or that it will conclude on the terms agreed.
The Company will continue to pursue a conclusion to the Transaction, however, the directors consider that the Transaction is not material in relation to the Company's operations and it does not affect the current focus of the Company to develop the Cononish gold mine project. This update announcement is made in the interests of continuous and transparent disclosure and will be updated further as circumstances become more clear.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For further information -
Scotgold Resources Limited Tel: +44 (0)1838 400 306 Richard Gray SP Angel Corporate Finance LLP Tel +44 (0) 20 3470 0470 Nomad and Joint Broker Ewan Leggat / Charlie Bouverat Smaller Company Capital Ltd Tel: +44 (0)20 3651 2911 Joint Broker Rupert Williams Capital Markets Consultants Tel: +44(0)7703 167 065 Financial PR Simon Rothschild
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.
END
MSCSEWFFEFASEIM
(END) Dow Jones Newswires
June 22, 2018 07:59 ET (11:59 GMT)
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