Scotgold Resources Ltd Issuance of decision notice (7820E)
October 22 2018 - 7:50AM
UK Regulatory
TIDMSGZ
RNS Number : 7820E
Scotgold Resources Ltd
22 October 2018
22 October 2018
Scotgold Resources Limited
("Scotgold" or the "Company")
Issuance of Decision Notice regarding Cononish Planning
Application 2017/0254/MIN,
The Company is pleased to announce that the Decision Notice
relating the planning application 2017/0254/MIN was received by its
subsidiary, SGZ Cononish Ltd on 19(th) October 2018 for the
Cononish Gold and Silver Project ("Cononish") from the Loch Lomond
and the Trossachs National Park Planning Authority ("NPA"). This
and all other relevant documentation relating to the application
can be viewed at the NPA website
www.lochlomond-trossachs.org/planning.
The Company is now focussed on ensuring that the planning
obligations and conditions contained in the Decision Notice that
are required prior to the commencement of Cononish are met as soon
as possible. To this end the Company has already made various
submissions to the NPA and is in consultation with other interested
agencies.
Richard Gray, Chief Executive Officer of Scotgold commented:
"The issuance of this Decision Notice is a major milestone towards
the commencement of development and ultimate commercial production.
We are hopeful that the efforts that have been made in satisfying
the conditions and the constructive engagement of the various
agencies will result in the commencement of Cononish in the very
near future. In parallel with the work to satisfy the conditions,
the Company has been busy preparing for work on the ground and we
look forward to the prospect of actioning these plans."
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information please contact:
Scotgold Resources Limited Tel: +44 (0)1838 400 306
Richard Gray
SP Angel Corporate Finance Tel +44 (0) 20 3470 0470
LLP
Nomad and Joint Broker
Ewan Leggat / Charlie Bouverat
Smaller Company Capital Ltd Tel: +44 (0)20 3651 2911
Joint Broker
Rupert Williams
Capital Markets Consultants Tel: +44 (0) 7703 167065
Financial PR
Simon Rothschild
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END
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