REG - Scotgold Resources - Director Resignation

Scotgold ResourcesAnnouncement

08/11/2023 07:00

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RNS Number : 7074S  Scotgold Resources Ltd  08 November 2023

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.

8 November 2023

 

Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")

Director Resignation

 

Nathaniel (Nat) le Roux has notified the Board of his resignation as a
Director of Scotgold Resources Limited and its subsidiary companies with
immediate effect.

Nat le Roux is the major secured creditor of SGZ Cononish Limited, a
subsidiary to Scotgold Resources Limited.

The Board is now evaluating the Group's position to consider all options
available to the Company and its subsidiary companies.

 

Further announcements will be made in due course.

 

Mr le Roux made the following statement: "After almost ten years on the Board,
I have made this decision with considerable regret. As Scotgold's operating
subsidiary heads towards administration, there is an unavoidable conflict
between the interests of the Company and my personal interest as the major
secured creditor, and I believe it is in the interests of shareholders
generally that I now stand down. I remain the Company's largest shareholder,
and the Board has my full support at this very difficult time."

**ENDS**

 

 Scotgold Resources Limited

 Sean Duffy, interim CEO and CFO           Via Celicourt Communications

 Shore Capital (Nomad and Broker)          Tel +44 (0) 20 7408 4090

 Toby Gibbs / Tom Knibbs

 Celicourt Communications (Financial PR)   Tel +44 (0) 774 8843 871

 Felicity Winkles / Ariana Fanning

 

 

 

 

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