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23 Nov 2022 14:50
IN BRIEF: SolGold to raise USD36 million via investments
SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says Jiangxi Copper Investment Company Ltd and other investors have agreed to buy 180 million shares at USD0.20 cents per share. Specifically, Jiangxi, a China-based firm that principally engages in the mining, smelting and processing of copper, will buy 155 million of shares. Jiangxi will have a 6.3% stake in SolGold. Says all the shares are expected to raise USD36.0 million from the investors.
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