REG - Scotgold Resources - Potential Administration Appointment

Scotgold ResourcesAnnouncement

02/10/2023 10:30

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RNS Number : 3535O  Scotgold Resources Ltd  02 October 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.

2 October 2023

 

 

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

Potential Administration Appointment

 

On 29 September, the Company announced that financing discussions were ongoing
and should sufficient financing not be secured it would need to appoint an
Administrator.

The Company has been informed by the most advanced prospective investor that
they have decided not to proceed with the investment and have now withdrawn
from the discussions it was having with Scotgold. Therefore, the directors are
assessing the remaining strategic options open and are in discussion with
existing funders which could result in the appointment of Administrators over
the coming days.

Further announcements will be made in due course.

 Scotgold Resources Limited

 Sean Duffy, interim CEO and CFO

 Peter Hetherington, Non-executive Chairman

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

 Toby Gibbs / Tom Knibbs

 

 

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