SolGold PLC - Jiangxi Copper Investment Conditions Satisfied
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SolGold has completed a transaction with Jiangxi Copper (JCCHK) to sell 157,141,000 ordinary shares at US$0.115 per share, raising gross proceeds of US$18,071,215. The sale represents a 45% premium to the previous closing price and will help the company assess production opportunities at the Cascabel project and explore its portfolio.
March 24, 2025 | 8:00 am
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POSITIVE IMPACT
The share sale to Jiangxi Copper provides SolGold with additional capital and technical expertise to advance its Cascabel project in Ecuador.
The investment provides immediate financial resources, technical support, and validates the company's project potential, likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100