RE: aim26 Oct 2021 10:02
Economical with the truth one way or another...
"The Board of Directors of SolGold (LSE & TSX:SOLG) is pleased to announce that Valuestone Advisors Ltd. (the "Subscriber") has irrevocably agreed to subscribe for 11,900,000 new ordinary shares in the capital of the Company (the "Subscription Shares") at a purchase price of US$0.42 per Share, pursuant to a subscription agreement dated 12 November 2020 between the Company and the Subscriber (the "Subscription"). The Subscription Shares are expected to raise gross proceeds of approximately US$5,000,000 (approximately £3,800,000).?....
The proceeds of the subscription will be used by the Corporation to advance the Company's 100% owned Porvenir Project located in southern Ecuador."