SolGold PLC - Ecuador-focused copper and gold exploration company - Reports that discussions for a significant potential funding package for the Cascabel project are progressing. SolGold stresses that, other than USD10 million loan facility from Franco-Nevada Corp announced in May, it has not entered into any new agreements regarding such a transaction, and there can be no assurance that any discussions that have taken place will result in such agreements. But, remains focused on securing the necessary financing to develop the project and is confident in its potential to become a world-class copper-gold operation.
Current stock price: 8.69 pence
12-month change: down 49%
By Jeremy Cutler, Alliance News reporter
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SolGold (SOLG)