TIDMSOLG
RNS Number : 8239W
SolGold PLC
14 December 2023
14 December 2023
SolGold plc
(" SolGold " or the " Company ")
Reminder to Vote at the Annual General Meeting of Shareholders
&
Cascabel Update
In connection with the upcoming SolGold (LSE & TSX: SOLG)
Annual General Meeting ("AGM"), to be held on 20 December 2023,
SolGold would like to remind all shareholders to vote on the
resolutions put forth for the upcoming AGM.
For shareholders that hold their SolGold shares through a broker
or other intermediary (non-registered/beneficial shareholders), a
completed voting instruction form should be deposited in accordance
with the instructions printed on the form. Please contact your
broker or intermediary immediately for further instructions on how
to vote, including through electronic means where available.
Board of Directors Recommendation
It is very important for all shareholders to vote at the
upcoming AGM. Historically, the voter turnout has typically been
below 75%, given the vast majority of the retail shareholders do
not vote. The retail vote is very important to ensure retail
shareholders are properly represented and respected.
SolGold anticipates, similar to previous years, that select
shareholders may continue to vote in a manner detrimental to other
shareholders. For example, at the last three AGMs, such
shareholders acting adverse to other shareholders voted against
resolutions related to the disapplication of pre-emption rights,
which hindered the Company's flexibility with respect to financing,
which historically prevented SolGold from pursuing specific
strategic initiatives that would have unlocked significant value
for shareholders and counter a creeping takeover.
The SolGold Board of Directors UNANIMOUSLY RECOMMEND that
shareholders VOTE FOR all resolutions at the upcoming AGM as put
forth in the meeting materials for shareholders.
Cascabel Update
Given the in-person format of the AGM, SolGold is pleased to
provide the following update to all shareholders in advance
regarding the Company's world-class Cascabel Project :
ü Phased Approach Pre-Feasibility Study Progressing Well
- Expected to be released early in the first quarter of 2024
- Phased Approach expected to demonstrate a lower risk path for
Cascabel with reduced initial capital expected compared to the 2022
Cascabel PFS
ü Cascabel Complementary EIS Approval Received
- Received environmental license to carry out certain
underground activities at specified areas within the Cascabel
concession from the Ministry of Environment, Water and Ecological
Transition of Ecuador
CONTACTS
Scott Caldwell
SolGold Plc (CEO) Tel: +44 (0) 20 3807 6996
Tavistock (Media)
Jos Simson/Gareth Tredway Tel: +44 (0) 20 7920 3150
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.
The Company operates with transparency and in accordance with
international best practices. SolGold is committed to delivering
value to its shareholders while simultaneously providing economic
and social benefits to impacted communities, fostering a healthy
and safe workplace, and minimizing the environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock
Exchange (LSE/TSX: SOLG).
See 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
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.
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END
MSCNKQBBFBDKCBD
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December 14, 2023 03:34 ET (08:34 GMT)
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