5% and is now trading at GBX 11. This would give SolGold a Jun 30, 2020 · The C$140 million ($102m) all-stock offer, SolGold’s second attempt to take over the Ontario-based junior, would see the bidder pay C$3. 00b shares in issue. Dec 16, 2020 · Cornerstone has clashed repeatedly with SolGold and fought off a hostile takeover approach from the company earlier this year. Imagecredit:FinancialReview SOLGOLD'S GOALS: Dec 12, 2023 · Sacked CEO sues SolGold after boardroom stoush. Solgold Takeover Forum Posts. 3 million) royalty financing deal aimed at advancing its Nov 8, 2022 · SolGold would then own Cascabel outright and become a more tempting takeover target. . Feb 6, 2023 · Nick Toscano. The agreement will give SolGold sole ownership of the Cascabel copper-gold project in Ecuador. 24, 2023 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. SolGold is one of the largest concession holders in Ecuador exploring the length and breadth of this highly prospective section of the Andean copper belt. au Rufus Gandhi (Company Secretary) +61 (0) 7 3303 0660 Tavistock (SolGold Media) Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative 5 days ago · SolGold PLC is an Australia-based exploration company. 5 mark. SolGold has been doing a merry dance to extricate the Cascabel concession from the clutches of Cornerstone Capital Resources while avoiding takeover itself from shareholders BHP and Newcrest. 284 seguidores en LinkedIn. Mar 26, 2019 · solgold has not yet commenced the offer noted above in this news release. SolGold is holding its annual general meeting He was a non-executive director of Ballarat Goldfields NL until 2004, assisting that company in its recapitalisation and requotation on the ASX in 2003. BISHOPSGATE, LONDON / ACCESSWIRE / July 18, 2024 / SolGold plc (LSE:SOLG)(TSX:SOLG) has received notification on 17 July 2024 from Christopher Stackhouse, Chief Financial Officer of the Company Jan 31, 2019 · The takeover would see Cornerstone’s investors receive 0. 90 for each Cornerstone share. BBG000DSMD19. The Company’s projects include Cascabel, Chical, Rio Nov 15, 2023 · Tel: +44 (0) 20 7920 3150. ) Paladin Energy aims to crack uranium big league with Canadian takeover. 7 Billion after two large-scale mines operated at full capacity, according to the country’s Jul 23, 2020 · Jul 23, 2020 – 4. Dec 1, 2023 · SolGold plc Porvenir Project Update Advancing Exploration Across a Cluster of Porphyry Copper-Gold Targets. 7% of the company, and the prospects of a takeover are likely to increase once SolGold’s long-delayed pre-feasibility study is Jul 15, 2020 · The interest in SolGold by top global miners has triggered speculation of a potential takeover in the making. New Cascabel pre-feasibility study cuts over $1bn from upfront bill. 55 SolGold shares for each their shares, which SolGold said was a 20% premium. This was primarily driven by administrative expenses, which more than doubled to Mar 26, 2019 · solgold has not yet commenced the offer noted above in this news release. ABOUT SOLGOLD. He was also the founder and Chairman of TSX-V-listed Waratah Coal Inc until its $130m takeover by Minerology Pty Ltd in December 2008. Former SolGold chief executive Darryl Cuzzubbo has lodged a multimillion-dollar unfair dismissal claim against his former employer, the struggling Jun 30, 2020 · Canadian takeover rules require the majority of Cornerstone’s outstanding common shares (excluding those shares held by SolGold) be tendered to a formal offer before any shares can be taken up Dec 16, 2020 · Cornerstone has clashed repeatedly with SolGold and fought off a hostile takeover approach from the company earlier this year. (Credit: SolGold) Canada-based Cornerstone Capital Resources has turned down a second takeover proposal, worth around CAD140m ($103m), from SolGold citing that it is not in the best interests of the company and its shareholders. SolGold controls Alpala, one of the world’s largest and highest-grade undeveloped copper deposits. SolGold own 85% of ENSA, with 15% owned by Canadian company Cornerstone Capital Resources. Jun 2, 2021 · Canada's Cornerstone, which has also a 15% in the Cascabel concession's holding company ENSA, had twice rejected a takeover offer from London-listed Solgold, in turn urging SolGold's shareholders Jun 6, 2024 · 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 Sep 24, 2018 · By November, SolGold will have completed 145,000m of drilling at the already large Cascabel project in Ecuador, with a resource update due for the Alpala deposit then. Labour Profit-Sharing Tax: 15% (12% to the State and 3% to employees for large-scale mining) Value Added Tax: 12%. 4 million. Over the last year Who Is SolGold SolGold is an exploration company focused on discovering and developing world-class copper and gold deposits. In announcing the deal, SolGold confirmed the strategic review aimed at securing enough longer-term funding to Jul 14, 2020 · The Hostile Bid was formalized by SolGold on June 30, 2020 nearly a year and a half after SolGold announced its intention to make an unsolicited offer to acquire Cornerstone. ISIN. The Cornerstone shares are expected to be delisted from the TSX Venture Exchange after the close of trading on February 28, and will cease trading from the OTC Pink Market and Dec 19, 2016 · Investing in SolGold. The company’s current market capitalization is £243 4 days ago · SolGold's stock was trading at GBX 9. 50 at the beginning of the year. The City rumour mill reckons a takeover of the South American miner could emerge later this year SolGold’s Total Contained Metal Total consolidated Measured & Indicated Resources for Alpala, Tandayama-America and Cacharposa deposits. OTTAWA, Feb. The absence of a bidder suggests price expectations from the key stakeholders remain too high. Given that the statutory minimum tender condition cannot be waived by SolGold, the proposed Hostile Bid is incapable of being completed on the basis SolGold Ecuador | 27. Together, BHP, Newcrest and Cornerstone own about 35% of SolGold. (TSXV:CGP; OTC:CTNXF; FWB:GWN1 Oct 7, 2022 · SolGold Fawzi Hanano (Head of Investor Relations) investors@solgold. The Alpala deposit is the main target in the Cascabel concession, located on the Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Oct 25, 2023 · To put this in perspective, on average, it would take over 10 full trading days to trade only 1% of SolGold shares (assuming the same shares are not being recycled). Dec 14, 2023 · ABOUT SOLGOLD. Solgold Plc Ord 1p is listed on the London Stock Exchange trading with ticker code SOLG. 11-06-2024. 55 billion required for the Cascabel Project. 35 per cent, but he is also managing director and a substantial shareholder of ASX-listed DGR Global, which owns 9. 9 million in the six months to December 30 from USD17. Oct 7, 2022 · Ecuador-focused SolGold (LON, TSX: SOLG) is merging with Canada’s Cornerstone Capital Resources (TSX-V: CGP) to secure a 100% ownership of Cascabel copper-gold project in the South American Jun 30, 2020 · Canadian takeover rules require the majority of Cornerstone’s outstanding common shares (excluding those shares held by SolGold) be tendered to a formal offer before any shares can be taken up. 14. Its top shareholder is BHP but under a standstill agreement the Anglo-Australian miner is restricted from buying Feb 8, 2019 · SolGold also reiterated its position on the benefits of the takeover, including removing financing risks to equity value imposed by the current structure of Cornerstone's 15% interest in the Cascabel copper-gold project in Ecuador. SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to Dec 14, 2023 · BISHOPSGATE, UK / ACCESSWIRE / December 14, 2023 / In connection with the upcoming SolGold (LSE:SOLG)(TSX:SOLG) Annual General Meeting ("AGM"), to be held on 20 December 2023, SolGold would like Feb 8, 2019 · SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador. SolGold's board and management is made up of professionals who have extensive knowledge in exploration, mine development, investment, finance Oct 16, 2020 · LONDON, UK / ACCESSWIRE / October 16, 2020 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) ("SolGold" or the "Company") wishes to advise that the takeover bid (the "Offer") for all An Opportunity in Ecuador SolGold is an emerging multi-asset major and leading exploration company focused on the discovery, definition, and development of world class copper and gold deposits. has acquired 282,721,826 SolGold shares at at an average cost of about 0. Municipal taxes, contributions, and social security contributions. Nov 3, 2021 · BHP owns 13. En 2013, la minera adquirió una participación inicial del 20% en la filial de Cornerstone Exploraciones Novomining (ENSA), propietaria del 100% del proyecto Cascabel y el Jul 12, 2024 · SolGold PLC is an Australia-based exploration company. Minería con responsabilidad | Somos una compañía líder de exploración que se enfoca en el descubrimiento y definición de depósitos de cobre y oro de clase mundial. BISHOPSGATE, UK / ACCESSWIRE / January 24, 2023 / The Board of Directors of SolGold (LSE:SOLG) (TSX:SOLG) wishes to provide an update on the progress of the previously announced proposed acquisition (the " Acquisition ") of all of the issued and outstanding shares of Cornerstone Capital Resources Inc. 5% of the company, and the prospects of a takeover are likely to increase once SolGold’s long-delayed pre-feasibility study is complete. Cornerstone’s board of directors rejected the offer citing that it is not in the best interests of the company and its shareholders. Posted by u/rosscap - 9 votes and 13 comments Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Oct 10, 2022 · Australian gold mining company SolGold has signed an agreement to buy the remaining shares of the Canada-based Cornerstone Capital Resources. SolGold Plc engages in exploration of copper gold. My personal approach would be to buy at £0. The Canadian firm also believes that Jun 5, 2020 · SolGold is bolstering its defences against a takeover as top miners try to take advantage of the global economic downturn caused by the coronavirus pandemic. The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings. It focuses on Blanca, Cascabel, La Hueca, and Porvenir projects. Takeover battle for SolGold is 'about to begin'. Cornerstone has a 15% interest in the company's Alpala copper-gold project in Ecuador. Annual conservation fee based on the mining Jun 30, 2020 · In March 2019, Cornerstone formally rejected a hostile bid by SolGold after shunning it twice. These options may include, but are Nov 17, 2020 · M&A. 7% of the company, and the prospects of a takeover are likely to increase now that the pre-feasibility study is complete, experts Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Jun 22, 2020 · SolGold, a prime takeover target due to the potential of its undeveloped project in the South American country, is exploring and assessing 75 regional concessions across 14 provinces in Ecuador. 16-04-2024. Show more. Strategic Review Process Initiated for Combined Group. Find the latest SolGold Plc (SOLG. Jul 5, 2024 · Takeover target SolGold looking bigger and better Takeover target SolGold's latest drilling results were "encouraging" according to one of Australia's top mineral exploration consultants. IMV, anything over 20p should be seriously considered and the longer they wait, the lower the potential bid price. A bid could come after publication Jun 30, 2020 · Canadian takeover rules require the majority of Cornerstone’s outstanding common shares (excluding those shares held by SolGold) be tendered to a formal offer before any shares can be taken up. Feb 8, 2019 · solgold has not yet commenced the offer noted above in this news release. 5 days ago · SolGold management continues to review additional funding options for Project development to fully fund the US$1. 6 million the year before. Year-to-date, however, the stock is down more than 18%. View the best growth stocks for 2024 here. upon commencement of the offer, solgold will file a takeover bid circular with various securities commissions in canada and, if required, with the united states securities and exchange commission. com. The Company is focused on discovering and developing copper and gold deposits. The head of the world’s largest gold miner has pitched its $24 billion takeover offer for Australian rival Newcrest as an attractive opportunity for their workers, shareholders and Jul 6, 2020 · SolGold PLC has announced a C$140 million (£102 million) hostile takeover bid for Cornerstone Capital Resources Inc. (“Cornerstone”) (TSXV:CGP; OTC 2005. Jul 15, 2020 · Canada-based Cornerstone Capital Resources has turned down a second takeover offer from Australian gold and copper mining company SolGold. 1Mt Copper 33. Jun 30, 2020 · SolGold strengthened its takeover defences this year by hiring Citi as an adviser. Updated Who IsSolGold SolGold is an exploration company focused on discovering and developing world-class copper and gold deposits. 47pm. Lowtrawler. As Mar 6, 2024 · SolGold’s shares were trading 23. License holders are subject to various taxes, payments, and contributions, including: Income Tax: 25% of profits. 6% in 2022 over 2021, totalling US$2. BRISBANE, Australia and OTTAWA, Oct . With a strong presence in Ecuador’s Andean copper belt, we hold extensive concessions and are positioned to support the country’s emergence as the next copper frontier. lurker, there are certain zealots who will never be convinced 100p is unattainable. 5 million from USD21. L) stock quote, history, news and other vital information to help you with your stock trading and investing. Since then, SOLG shares have increased by 25. SolGold plc is an emerging copper-gold major focussed on the discovery, definition and development of its copper-gold deposits in Ecuador. That is a 22% premium to May 12, 2020 · Takeover target SolGold has snubbed its two biggest shareholders and most likely suitors, BHP and Newcrest Mining, by signing up to a high-cost loan that has left the big miners ''concerned'' and Nov 10, 2022 · Chief executive Darryl Cuzzubbo has said so long to SolGold just 48 hours after the troubled mining company unveiled a $US50 million ($77. The company is listed on the London and Toronto stock exchanges. CGP) dismissed a takeover approach, company ENSA. As Jan 24, 2023 · SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says the consideration for its acquisition of Cornerstone Capital Resources Inc will be paid in entirely Apr 20, 2022 · The world’s largest miner, BHP, (ASX, LON, NYSE: BHP) owns 14. We are positioned to support Ecuador’s Jan 31, 2019 · SolGold expects that the Offer, when made, will remain open for acceptance for at least 105 calendar days from the date of mailing of its takeover bid circular. Nov 23, 2021 · The world’s largest miner, BHP, (ASX, LON, NYSE: BHP) owns 14. The Company operates with transparency and in accordance with international best practices. 5% holding in Anglo over recent months, Bloomberg reported on Friday. Company will have to raise cash this year. (Image courtesy of SolGold. 3Moz Silver Ecuador The Next Mining Destination The value of Ecuador’s mining exports grew 32. L. In compliance with LR 9. 13p. 1, the Company has submitted the Annual Jan 24, 2023 · SolGold PLC. Jul 15, 2020 · The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. SolGold notes that Cornerstone's Oct 25, 2023 · Company UpdateBISHOPSGATE, LONDON / ACCESSWIRE / October 25, 2023 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) is pleased to provide an update regarding the Company's activities and Feb 4, 2023 · Digging deep: BHP first invested in SolGold in 2018 and has more than doubled its initial stake. Since 2018, BHP Group's BHP Billiton Holdings Ltd. Our mission is to contribute to a net-zero future by harnessing Ecuador’s mineral potential. SolGold managing director Nick Mather says Newcrest Mining's decision to remove its board representative is a "dog in the manger act" and has signalled that he will resist Oct 25, 2023 · SolGold said its current top priority is to continue advancing its ongoing strategic review, which include the potential sale of Cascabel and/or SolGold’s Ecuadorian exploration portfolio Jun 2, 2021 · SolGold’s Cascabel copper-gold project, 180 km north of the capital Quito. GB00B0WD0R35. In January 2019, SolGold first revealed its plans to acquire Cornerstone The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice. Speaking at the Precious Metals Summit in Colorado, Mather said the company was targeting 10 million tonnes of copper and 25 million ounces of gold in the updated resource. 07% higher in London mid-afternoon to 8. The Board previously The activist hedge fund led by Paul Singer amassed its 2. · 17 Nov 2020 - Takeover battle for SolGold is 'about to begin' - In London it’s the hottest M&A story in town, with the smart money saying a take-out of Ecuador-focused SolGold is imminent. SolGold is a leading exploration company focussed on the discovery and definition of world-class copper-gold deposits. Mining exploration company SolGold (SOLG) has knocked just over $1bn (£790mn) off the upfront cost of its Cascabel copper and gold project in Ecuador as it continues to face an uphill funding struggle. 33 British pence apiece, which would result Oct 7, 2022 · SolGold & Cornerstone Announce Friendly Merger Transaction. SolGold PLC Announces Publication of 2022 Annual Report. 92. 1Moz Gold 91. The company was founded by Nicholas Mather on May 11, 2005 and is headquartered in Brisbane, Australia. In London it’s the hottest M&A story in town, with the smart money saying a take-out of Ecuador-focused. Oct 26, 2022 · Oct 26, 2022. BISHOPSGATE, UK / ACCESSWIRE / October 26, 2022 / The Board of Directors of SolGold (LSE:SOLG) (TSX:SOLG) is pleased to announce the release of the Company’s Annual Report for the year ended 30 June 2022. This comes as the second attempt to takeover Cornerstone which is the minority… 3 days ago · SolGold is a leading exploration company focussed on the discovery and definition of world-class copper-gold deposits. 8 per cent of SolGold. Consolidates 100% of the Cascabel Project. FIGI. The Companyâ s projects include Cascabel, Chical, Rio Amarillo, Chillanes, Salinas, Cisne Victoria, Coangos, Helipuerto, Cisne Loja, Porvenir and Timbara. Feb 24, 2023 · SolGold PLC - Brisbane, Australia-based developer of copper-gold deposits in Ecuador - Says it has completed the acquisition of Cornerstone Capital Resources Inc. BISHOPSGATE, LONDON/ ACCESSWIRE/ December 1, 2023/ SolGold is pleased to provide an In the latest bid, SolGold offered to exchange 11 ordinary shares for each Cornerstone share, a 22% premium over Cornerstone's June 29 closing price on the TSX Venture Exchange. Given our shareholder Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Nov 14, 2022 · The former SolGold chief executive Nick Mather is one of those enemies; more than 44 per cent of SolGold’s register tried to kick him off the board in December 2020, suggesting the big corporate Feb 16, 2024 · February 16, 2024. 71m, with approximately 3. CEO Nick Mather gives us more information on SolGold's Sep 29, 2023 · SolGold PLC on Friday said it swung to a considerable loss in its latest financial year, mainly thanks to surging administrative expenses, and it said it will need additional funding to continue Jan 5, 2021 · SolGold lists Mr Mather's stake in SolGold at 5. '. Jul 15, 2020 · SolGold and Cornerstone Capital are partners in the Alpala Project in Ecuador. rougepierre. by Alex Hamer. 16 and hold till take-over, which I hope will still be several years away and nearer the £0. It has a market capitalisation of £309. Sep 29, 2023 · SolGold has not yet generated any revenue, and its operating loss widened to USD38. The company has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world’s copper resources. Tenemos la primera ventaja en Ecuador al estar en una sección altamente prospectiva pero poco explorada del Cinturón Andino de Cobre, hogar de múltiples proyectos de cobre y Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative Jul 19, 2020 · SolGold, anteriormente Solomon Gold, es una compañía minera australiana con una cartera diversa de proyectos de exploración en Ecuador, Islas Salomón y Australia. 6. Feb 24, 2023 · In connection with the Arrangement, SolGold acquired all of the issued and outsta. The firm is known for stepping in to beaten-down stocks and then pushing companies to take measures ranging from share buybacks to outright sales of the business. SolGold has a first mover advantage in Ecuador, a highly prospective yet under-explored section of the Andean Copper Belt, home of multiple Tier 1 copper and gold projects and half of the world's copper resources. 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. Jul 15, 2020 · The Canada-based partner of Ecuador-focused SolGold has again snubbed a takeover offer, with TSX-V-listed Cornerstone Capital Resources arguing that it is “wholly inadequate”, “exploitative SolGold PLC - Ecuador-focused copper and gold exploration company - Says pretax loss widens to USD21.
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