RE: Soma Gold12 Sep 2025 07:13
"Rich news period"
Rock cash to extinguish liabilities and support working capital, consistent with the priorities set out in our announcement of 21st July 2025.
We believe that the price of c USD1,350,000 plus warrants is a fair one, giving the mine owner a discount to the £1,500,000 at which the asset is carried in our books but accelerating the payment to us and removing our exposure to performance risk of the gold assets concerned.
A further announcement will be made upon receipt of consideration.
The Company continues to advance towards final documentation and announcement significant transactions in the Ivory Coast and DRC."
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"The Company continues to advance towards final documentation and announcement significant transactions in the Ivory Coast and DRC."
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Did i say
Rich news period
£2m mkt cap