SolGold Share News (SOLG)

IN BRIEF: SolGold chair and chief executive increase holdings

SolGold PLC - London-based copper and gold explorer in Ecuador - Chief Executive Scott Caldwell buys 790,000 shares at prices from CAD0.18 to CAD0.21 per share on Friday, worth CAD157,243. Caldwell now holds 19.4 million shares in SolGold, around 0.65% of its issued share capital.

SolGold swings to loss; needs extra funding to continue long-term

(Alliance News) - SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue operations.

IN BRIEF: SolGold inks deal with Ecuadorian government for Cascabel

SolGold PLC - London-based copper and gold exploration company, which has operations in Ecuador - Reaches agreement with the Ecuadorian government for the right to develop the Cascabel project for copper, gold and silver production via its subsidiary Exploraciones Novomining SA. Says contract is for 33 years, with the right to renew. Agrees to an advance royalty payment of USD75 million, with USD25 million due on the construction start date. Remaining payments due on first and second anniversaries of first payment.

IN BRIEF: SolGold Cascabel project gets renewed by Ecuador government

SolGold PLC - London-based copper and gold exploration company, which has operations in Ecuador - Receives term renewal of 25 years from the Ecuadorian government for its Cascabel project concession.

TRADING UPDATES: Woodbois strikes repayment deal with Sydbank

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: FRP Advisory eyes revenue ahead of expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

SolGold interim CEO becomes permanent; appoints new CFO

(Alliance News) - SolGold PLC on Monday announced the appointment of Chris Stackhouse as chief financial officer and Scott Caldwell as chief executive officer.

SolGold names Scott Caldwell as CEO

(Sharecast News) - Resources company SolGold revealed on Monday that interim chief executive Scott Caldwell will now take on the role on a permanent basis.

IN BRIEF: SolGold completes acquisition of Cornerstone Capital

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says it has completed the acquisition of Cornerstone Capital Resources Inc. The Cornerstone shares are expected to be delisted from the TSX Venture Exchange after the close of trading on February 28, and will cease trading from the OTC Pink Market and Frankfurt Stock Exchange. Expects SolGold to start trading on the main market of the London Stock Exchange on Monday.

SolGold expects merger with Cornerstone to close by early March

(Alliance News) - SolGold PLC on Friday said it expects its planned acquisition of Canada's Cornerstone Capital Resources Inc to complete by March 5.

SMALL-CAP WINNERS & LOSERS: Kingspan shares up on higher 2022 profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

IN BRIEF: SolGold sees annual loss widen on administrative expenses

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Reports a pretax loss of USD10.7 million in 2022, widened from USD7.4 million in 2021, as administrative expenses jumped 82% to USD7.8 million from USD4.2 million. Records no revenue, unchanged from a year before. Needs to secure additional funding to continue its exploration and development programme and to continue to meet its obligations and liabilities. Says that it has secured funding in 2022 and is currently exploring further options for obtaining additional funding.

IN BRIEF: SolGold acquisition of Cornerstone to be paid in shares

SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says the consideration for its acquisition of Cornerstone Capital Resources Inc will be paid in entirely using SolGold shares, instead of cash, with Cornerstone shareholders receiving 15 shares in SolGold for each of their Cornerstone shares. Under the terms of the deal, entered into in October, SolGold had the option to pay up to 20% of the consideration in cash. The company says it expects to publish the prospectus shortly, with the acquisition to be completed soon afterwards.

Third of votes cast against election of CEO Caldwell to SolGold board

(Alliance News) - SolGold PLC on Friday noted that, at its annual general meeting on Thursday, 34% of shares cast were against the election of Interim Chief Executive Officer Scott Caldwell to the board of directors, while six other resolutions received less than 70% support.

UK shareholder meetings calendar - next 7 days