REG - SolGold PLC - Voluntary Delisting from Toronto Stock Exchange

SolGoldAnnouncement

02/06/2025 07:00

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RNS Number : 9735K  SolGold PLC  02 June 2025

June 2, 2025

SolGold plc

("SolGold" or the "Company")

Voluntary Delisting from the Toronto Stock Exchange

SolGold plc (LSE & TSX: SOLG) announces that it has applied for a
voluntary delisting of its ordinary shares from the Toronto Stock Exchange
(the "TSX"). The delisting is intended to be effective as of the close of
trading on June 18, 2025. The ordinary shares in the Company will continue to
trade on the Main Market of the London Stock Exchange (the "LSE") under the
symbol "SOLG".

Since SolGold obtained its TSX listing in 2017 to April 30, 2025, while daily
trading activity in the Company's ordinary shares on such exchange increased
somewhat, it only accounted for less than 3% of the aggregate trading volume
on both platforms. As a result of these relatively low trading volumes on the
TSX, the Company believes that the financial costs and administrative
requirements associated with maintaining its TSX listing are no longer
justified.

Shareholder approval is not required for the delisting because the Company's
ordinary shares trade on the LSE, which is an acceptable alternative market in
accordance with Section 720(b) of the TSX Company Manual.

Additional Information for Shareholders on SolGold's Canadian Registrar

Following the delisting from the TSX, Canadian shareholders holding shares
with their broker ("CDS participant") and wishing to trade their shares on the
LSE will need for such shares to be made eligible to be transferred and
settled through CREST, the United Kingdom ("UK") based share transfer and
settlement system. CDS participants may initiate instructions to Computershare
Trust Company of Canada ("Computershare") via its xSettle web service. Shares
cannot be transferred and settled through CREST until a shareholder's CDS
participant broker or the shareholder initiates a cross-border request. If the
shares are held in certificated or Direct Registration form, as applicable,
shareholders may instruct Computershare to arrange for the shares to be held
by a CREST participant broker. This can be done by completing a 'Register
Removal Request - Canada to United Kingdom' form, with valid CREST participant
account details, and submitting such form to Computershare via email at
globaltransactionteam@computershare.com.

For any questions on this process please contact Computershare's global
transaction unit by phone at +1 (877) 624-5999. The Company intends to
maintain CDS eligibility for its shares until July 18, 2025 in order to allow
Canadian shareholders time to complete the process contemplated above.

CONTACTS

 Ryan Wilson                 Tel: +44 (0) 20 3807 6996

 Group General Counsel
 Tavistock (Media)           Tel: +44 (0) 20 7920 3150

 Jos Simson/Gareth Tredway

 

ABOUT SOLGOLD

SolGold is a leading resources company focused on the discovery, definition
and development of world-class copper and gold deposits and continues to
strive to deliver objectives efficiently and in the interests of shareholders.

See www.solgold.com.au (http://www.solgold.com.au/) for more information.
Follow us on X @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 the Company's plans to delist its ordinary shares from
the TSX and the timing thereof, 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". 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.sedarplus.ca. 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.

SolGold plc UK Company No. 5449516 ARBN 117 169
856 Email: info@solgold.com.au (mailto:info@solgold.com.au)
 Website: www.solgold.com.au (http://www.solgold.com.au)

Corporate Postal Office: PO Box 7059, Cloisters Square PO, Perth, WA 6850
Australia

Registered office: 1 Cornhill, London, EC3V 3ND, UK Phone: +44 (0) 20 3807
6996

 

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