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Scotgold Resources to de-list on ASX on 21 October

Tue, 20th Sep 2016 12:24

(ShareCast News) - AIM listed miner Scotgold Resources will de-list from the Australian Stock Exchange (ASX) on 21 October in a bid to consolidate securities trading and save costs.The gold and silver miner is to de-list due to its limited trading volume on ASX, as over the past six months about 98% of trading securities occurred on the London Stock Exchange's AIM market and about 87% of the securities in Scotgold are held by UK residents or already registered as depository interests on AIM.The de-listing will reduce costs and management time, as well as consolidate trading onto one market which is beneficial to its UK-based management team.The company will officially de-list at 4pm (Sydney time) on 21 October and the last day of trading will be on 19 October.Scotgold's securities will remain tradable as depository interests on AIM under the SGZ code and Australian shareholders will be able to transfer their shares to depository interests on AIM.There will be no change to the quotation and trading on AIM.Shares in Scotgold were down 13.85% to 0.560p at 1229 BST.
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25 Feb 2014 15:47

Scotgold Resources Brings Three New Strategic Investors On Board

LONDON (Alliance News) - Scotgold Resources PLC Tuesday said it has entered a binding heads of agreement with three strategic investors who will take a significant holding in the company. The gold exploration and development company said the agreement will result in the company raising up t

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3 Feb 2014 13:46

UK MIDDAY BRIEFING: Mis-Selling Bill Continues To Mount For UK Banks

LONDON (Alliance News) - UK banks are still counting the cost of their product mis-selling, with Lloyds Banking Group Monday adding a further GBP1.93 billion to the amount it has set aside to cover claims for previous sales of payment protection insurance and interest rate hedging products. Read more

3 Feb 2014 11:26

UK WINNERS & LOSERS: Rurelec Drops 25% As Bolivia Award Disappoints

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.

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FTSE 100 - WINNERS

Randgold Resources, up 2.1%. In a difficult environment for gold miners,

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3 Feb 2014 09:39

Scotgold Weighs Smaller Project At Cononish As Funding Remains Scarce

LONDON (Alliance News) - Scotgold Resources Ltd Monday said it is evaluating its options for a smaller project at the Cononish Gold and Silver Project in Scotland. The metals exploration company, which has sought a range of alternatives to finance the development of the site since April 201

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22 Jan 2014 08:46

Scotgold Resources Places Rights Issue Shortfall Shares

LONDON (Alliance News) - Scotgold Resources Ltd Wednesday said it has managed to place the shortfall in its recent rights issue, raising a further AUD88,273 before expenses. The metals exploration company had said January 6 that shareholders had taken up 90% of the shares offered in the rig

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6 Jan 2014 10:23

Scotgold Resources Says 90% Of Shares Under Rights Issue Taken Up

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26 Nov 2013 13:59

Scotgold Resources tumbles on project downsizing

Scotland focused gold prospector Scotgold Resources has admitted to struggling in its attempts to raise funding for its Cononish Gold and Silver project and has instead proposed a smaller initial development. The AIM-listed company said it was in the early stages of considering a smaller initial p

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26 Nov 2013 12:17

UK WINNERS & LOSERS: BTG Leads FTSE 350 Risers On Treatment Approval

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26 Nov 2013 10:11

Scotgold Struggles For Funding At Cononish Project, Launches Rights Issue

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26 Nov 2013 08:25

AIM IN BRIEF: Chamberlin Swings To Half-Year Loss, Suspends Dividend

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31 Oct 2013 14:17

Scotgold Resources Progresses Towards Financing Scottish Gold Project

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17 Sep 2013 08:38

Scotgold Resources Applies For 10M Placement Shares To Be Traded On AIM

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