TIDMSOLG
RNS Number : 2753X
SolGold PLC
30 April 2021
30 April 2021
SolGold plc
("SolGold" or the "Company")
Director Dealings
Further to the Company's previous announcement of 28 April 2021
regarding its placing, the Company has received notifications of
the shares acquired by various directors of SolGold plc in the
capital raising.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation (EU) No. 596/2014 (as
it forms part of the domestic law in the United Kingdom by virtue
of the European Union (Withdrawal) Act 2018), provide further
detail on the Director Dealings.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Liam Twigger
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 392,156
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 392,156
Price: 25.5p (GBP 99,999.78
in total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Kevin O'Kane
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 392,156
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 392,156
Price: 25.5p (GBP 99,999.78
in total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Brian Moller
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 78,431
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 78,431
Price: 25.5p (GBP 19,999.90
in total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Keith Marshall
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 98,039
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 98,039
Price: 25.5p (GBP 24,999.94
in total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Nicholas Mather
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 392,156
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 392,156
Price: 25.5p (GBP 99,999.78
in total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Maria Amparo Alban
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 28,176
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 28,176
Price: 25.5p (GBP 7,184.88 in
total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: James Clare
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 143,137
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 143,137
Price: 25.5p (GBP 36,499.94
in total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Elodie Grant Goodey
----------------------------------------- ---------------------------------
2. Reason for the notification
----------------------------------------------------------------------------
a) Position/status: Director
----------------------------------------- ---------------------------------
b) Initial notification/Amendment: Initial notification
----------------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name: SolGold plc
----------------------------------------- ---------------------------------
b) LEI: 213800HGFADQBMIEVI76
----------------------------------------- ---------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------------
a) Description of the financial instrument, Ordinary shares of 1p
type of instrument:
Identification code: GB00B0WD0R35
----------------------------------------- ---------------------------------
b) Nature of the transaction: Participation in Placing
----------------------------------------- ---------------------------------
c) Price(s) and volume(s): Acquisition Price(s) Volume(s)
25.5p 19,607
----------
----------------------------------------- ---------------------------------
d) Aggregated information:
Aggregated volume: 19,607
Price: 25.5p (GBP 4,999.78 in
total)
----------------------------------------- ---------------------------------
e) Date of the transaction: 28 April 2021
----------------------------------------- ---------------------------------
f) Place of the transaction: Outside a Trading Venue
----------------------------------------- ---------------------------------
By order of the Board
Karl Schlobohm
Company Secretary
CONTACTS
Karl Schlobohm
SolGold Plc (Company Secretary) Tel: +61 (0) 7 3303 0661
kschlobohm@solgold.com.au
Ingo Hofmaier
SolGold Plc (GM - Project & Corporate Tel: +44 (0) 20 3823 2131
Finance) ihofmaier@solgold.com.au
Fawzi Hanano
SolGold Plc (Investors / Media) Tel: +44 (0) 20 3823 2131
fhanano@solgold.com.au
Follow us on twitter @SolGold_plc
ABOUT SOLGOLD
SolGold is a leading resources company focussed on the
discovery, definition and development of world-class copper and
gold deposits. In 2018, SolGold's management team was recognised by
the "Mines and Money" Forum as an example of excellence in the
industry and continues to strive to deliver objectives efficiently
and in the interests of shareholders. SolGold, with 76 concessions
covering approximately 3,100km(2), is the largest and most active
concession holder in Ecuador and is aggressively exploring the
length and breadth of this highly prospective and gold-rich section
of the Andean Copper Belt which is currently responsible for c40%
of global mined copper production.
The Company operates with transparency and in accordance with
international best practices. SolGold is committed to delivering
value to its shareholders, while simultaneously providing economic
and social benefits to impacted communities, fostering a healthy
and safe workplace and minimizing the environmental impact.
Dedicated stakeholders
SolGold employs a staff of over 800 employees of whom 98% are
Ecuadorean. This is expected to grow as the operations expand at
Alpala, and in Ecuador generally. SolGold focusses its operations
to be safe, reliable and environmentally responsible and maintains
close relationships with its local communities. SolGold has engaged
an increasingly skilled, refined and experienced team of
geoscientists using state of the art geophysical and geochemical
modelling applied to an extensive database to enable the delivery
of ore grade intersections from nearly every drill hole at Alpala.
SolGold has over 80 geologists on the ground in Ecuador exploring
for economic copper and gold deposits.
About Cascabel and Alpala
The Alpala deposit is the main target in the Cascabel
concession, located on the northern section of the heavily endowed
Andean Copper Belt, the entirety of which is renowned as the base
for nearly half of the world's copper production. The project area
hosts mineralisation of Eocene age, the same age as numerous Tier 1
deposits along the Andean Copper Belt in Chile and Peru to the
south. The project base is located at Rocafuerte within the
Cascabel concession in northern Ecuador, an approximately
three-hour drive on sealed highway north of the capital Quito,
close to water, power supply and Pacific ports.
Having fulfilled its earn-in requirements, SolGold is a
registered shareholder with an unencumbered legal and beneficial
85% interest in ENSA (Exploraciones Novomining S.A.) which holds
100% of the Cascabel concession covering approximately 50km(2) .
The junior equity owner in ENSA is required to repay 15% of costs
since SolGold's earn in was completed, from 90% of its share of
distribution of earnings or dividends from ENSA or the Cascabel
concession. It is also required to contribute to development or be
diluted, and if its interest falls below 10%, it shall reduce to a
0.5% NSR royalty which SolGold may acquire for US$3.5million.
SolGold's Regional Exploration Drive
SolGold is using its successful and cost-efficient blueprint
established at Alpala, and Cascabel generally, to explore for
additional world class copper and gold projects across Ecuador.
SolGold is the largest and most active concessionaire in
Ecuador.
The Company wholly owns four other subsidiaries active
throughout the country that are now focussed on thirteen high
priority gold and copper resource targets, several of which the
Company believes have the potential, subject to resource definition
and feasibility, to be developed in close succession or even on a
more accelerated basis compared to Alpala.
SolGold is listed on the London Stock Exchange and Toronto Stock
Exchange (LSE/TSX: SOLG). The Company has on issue a total of
2,292,316,433 fully paid ordinary shares and 114,775,000 share
options.
See www.solgold.com.au for more information. Follow us on
twitter @SolGold plc
CAUTIONARY NOTICE
News releases, presentations and public commentary made by
SolGold plc (the "Company") and its Officers may contain certain
statements and expressions of belief, expectation or opinion which
are forward looking statements, and which relate, inter alia, to
interpretations of exploration results to date and the Company's
proposed strategy, plans and objectives or to the expectations or
intentions of the Company's Directors, including the plan for
developing the Project currently being studied as well as the
expectations of the Company as to the forward price of copper. Such
forward-looking and interpretative statements involve known and
unknown risks, uncertainties and other important factors beyond the
control of the Company that could cause the actual performance or
achievements of the Company to be materially different from such
interpretations and forward-looking statements.
Accordingly, the reader should not rely on any interpretations
or forward-looking statements; and save as required by the exchange
rules of the TSX and LSE or by applicable laws, the Company does
not accept any obligation to disseminate any updates or revisions
to such interpretations or forward-looking statements. The Company
may reinterpret results to date as the status of its assets and
projects changes with time expenditure, metals prices and other
affecting circumstances.
This release may contain "forward--looking information" within
the meaning of applicable Canadian securities legislation.
Forward--looking information includes, but is not limited to,
statements regarding the Company's plans for developing its
properties. Generally, forward--looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved".
Forward--looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied
by such forward--looking information, including but not limited to:
transaction risks; general business, economic, competitive,
political and social uncertainties; future prices of mineral
prices; accidents, labour disputes and shortages and other risks of
the mining industry. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, risks relating to the ability of exploration
activities (including assay results) to accurately predict
mineralization; errors in management's geological modelling and/or
mine development plan; capital and operating costs varying
significantly from estimates; the preliminary nature of visual
assessments; delays in obtaining or failures to obtain required
governmental, environmental or other required approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation; the
global economic climate; fluctuations in commodity prices; the
ability of the Company to complete further exploration activities,
including drilling; delays in the development of projects;
environmental risks; community and non-governmental actions; other
risks involved in the mineral exploration and development industry;
the ability of the Company to retain its key management employees
and skilled and experienced personnel; and those risks set out in
the Company's public documents filed on SEDAR at www.sedar.com .
Accordingly, readers should not place undue reliance on
forward--looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
The Company and its officers do not endorse, or reject or
otherwise comment on the conclusions, interpretations or views
expressed in press articles or third-party analysis, and where
possible aims to circulate all available material on its
website.
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END
DSHWPURACUPGGPU
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April 30, 2021 08:59 ET (12:59 GMT)
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