LONDON--Australia based copper gold exploration company SolGold PLC (SOLG.LN) said Tuesday that it will raise $10.7 million via a share subscription agreement with gold miner Newcrest International and its parent, Newcrest Mining Ltd. (NCM.AU)

The company said Newcrest will subscribe 135.7 million shares at 8 cents per share.

Shares of SolGold at 0835 GMT trading 3.4% lower at 7 pence.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

August 30, 2016 04:52 ET (08:52 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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