REG - Scotgold Resources - Potential Administration Appointment

Scotgold ResourcesAnnouncement

07/11/2023 08:00

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RNS Number : 5601S  Scotgold Resources Ltd  07 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.

 
 

7 November 2023

 

 

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

Potential Administration Appointment

 

 

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.

 

Therefore, the directors, having assessed the options open to them, are now
considering the appointment of Administrators over the coming days.

 

Further announcements will be made in due course.

 

**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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