Potential Administration Appointment

Scotgold Resources Ltd

07 November 2023

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

                                                                         

7 November 2023

Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")

Potential Administration Appointment

On 16 October, the Company announced that it was in advanced financing discussions with a strategic investor. Unfortunately, these discussions have not resulted in an investment at this time.

Therefore, the directors, having assessed the options open to them, are now considering the appointment of Administrators over the coming days.

Further announcements will be made in due course.

**ENDS**

Scotgold Resources Limited Sean Duffy, interim CEO and CFO	Via Celicourt Communications
Shore Capital (Nomad and Broker) Toby Gibbs / Tom Knibbs	Tel [phone]
Celicourt Communications (Financial PR) Felicity Winkles / Ariana Fanning	Tel [phone]

 

END