IN BRIEF: Jiangxi Copper buys SolGold shares worth USD18 million
12th Mar 2025 19:03
SolGold PLC - Ecuador-focused exploration company - Receives further investment worth USD18 million from Jiangxi Copper Co Ltd, a Chinese copper producer. The firm agrees to buy 157.1 million ordinary shares of SolGold at USD0.115 per share from wholly-owned subsidiary SolGold Canada Inc. The price is a premium of about 45% to the closing middle-market share price on March 11. The shares had been acquired through SolGold's acquisition of SolGold Canada, then called Cornerstone Capital Resources Inc in February 2023. "Therefore, no new shares of SolGold have been issued in connection with the investment and the company's total issued share capital remains unchanged," company says. Read More