Jiangxi Copper Hong Kong acquires 5.24% stake in SolGold
2025-03-13 14:28:47 [Print]
On March 12, Jiangxi Copper (Hong Kong) Investment Co
Prior to the acquisition, Jiangxi Copper Hong Kong held 208,616,587 shares in SolGold. Following the transaction, its total holdings increased to 365,757,587 shares, representing 12 . 19% of the company's issued shares, making it SolGold's largest single shareholder.
SolGold is a mineral exploration and development company headquartered in Perth, Australia, with its primary asset being a 100% interest in the Cascabel project in Ecuador. The project's main Alpala deposit has proven, probable, and inferred resources of 12 . 2 million tonnes of copper, 30 . 5 million ounces of gold, and 102 . 3 million ounces of silver . Proved and probable reserves stand at 3 . 2 million tonnes of copper, 9 . 4 million ounces of gold, and 28 million ounces of silver . The project has already completed a pre-feasibility study.
. , Ltd . , a wholly-owned subsidiary of Jiangxi Copper Co . , Ltd . , signed a share purchase agreement with SolGold Canada Inc . Under the agreement, Jiangxi Copper Hong Kong acquired 157,141,000 shares of SolGold Plc, a dual-listed company in London and Toronto, previously held by SolGold Canada . The total transaction was valued at USD18,071,215 (approximately RMB129,604,947), representing 5 . 24% of SolGold's outstanding shares.Prior to the acquisition, Jiangxi Copper Hong Kong held 208,616,587 shares in SolGold. Following the transaction, its total holdings increased to 365,757,587 shares, representing 12 . 19% of the company's issued shares, making it SolGold's largest single shareholder.
SolGold is a mineral exploration and development company headquartered in Perth, Australia, with its primary asset being a 100% interest in the Cascabel project in Ecuador. The project's main Alpala deposit has proven, probable, and inferred resources of 12 . 2 million tonnes of copper, 30 . 5 million ounces of gold, and 102 . 3 million ounces of silver . Proved and probable reserves stand at 3 . 2 million tonnes of copper, 9 . 4 million ounces of gold, and 28 million ounces of silver . The project has already completed a pre-feasibility study.