7 Nov 2023 08:00
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
7 November 2023
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Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")
Potential Administration Appointment
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On 16 October, the Company announced that it was in advanced financing discussions with a strategic investor. Unfortunately, these discussions have not resulted in an investment at this time.
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Therefore, the directors, having assessed the options open to them, are now considering the appointment of Administrators over the coming days.
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Further announcements will be made in due course.
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**ENDS**
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Scotgold Resources Limited Sean Duffy, interim CEO and CFO Â Â | Â Via Celicourt Communications |
Shore Capital (Nomad and Broker) Toby Gibbs / Tom Knibbs  | Tel +44 (0) 20 7408 4090 |
Celicourt Communications (Financial PR) Felicity Winkles / Ariana Fanning  | Tel +44 (0) 774 8843 871 |
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