Copper/Gold Stock SolGold (LSE: SOLG) (TSX: SOLG) makes the TSX top percentage gainer list on investment from Jiangxi Copper Company Limited

March 12, 2025 (Investorideas.com Newswire) Investorideas.com, a top 100 rated investment site for retail investors following mining stocks issues a trading and news alert for SolGold plc (LSE:SOLG) & (TSX:SOLG) , a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits.

SolGold makes the TSX top percentage gainer today on news investment news. The stock is trading at 0. $1350, up0.0200, gaining 17.3913% on volume of over 3.2 Million shares. The day's high for the stock is $0.145 as of this report,

SolGold announced that its wholly-owned subsidiary, SolGold Canada Inc., has entered into a share purchase agreement pursuant to which it has agreed to sell 157,141,000 ordinary shares of SolGold ("Owned Shares") at a price of US$0.115 per Owned Share, raising gross proceeds of approximately US$18 million (the "Investment"), to Jiangxi Copper (Hong Kong) Investment Company Limited ("JCCHK"), a wholly-owned subsidiary of Jiangxi Copper Company Limited..

The price represents a premium of approximately 45% to the closing middle-market share price on 11 March 2025.

The Owned Shares were acquired by the Company pursuant to the acquisition of Cornerstone Capital Resources Inc. (now known as SolGold Canada Inc.) (see announcement dated 7 October 2022), effective 24 February 2023. Therefore, no new shares of SolGold have been issued in connection with the Investment and the Company's total issued share capital remains unchanged ("Ordinary Shares").

Jiangxi currently owns 208,616,587 Ordinary Shares in SolGold, representing 6.95% of the Company's issued share capital. Following completion of the Investment, Jiangxi will own 365,757,587 Ordinary Shares, representing 12.19% of the Company's issued share capital.

Until March 2027, Jiangxi may provide SolGold with technical consulting services as required, subject to mutual agreement, with respect to the Company's world-class Cascabel Project in Ecuador. Jiangxi will not charge the Company, unless otherwise agreed by the parties, for any of its costs associated with this technical cooperation.

Chief Executive Officer, Dan Vujcic commented:

"As we endeavour to re-shape and streamline the SolGold investment proposition this investment by Jiangxi, at a substantial premium to Monday's closing price, is a powerful endorsement towards the intrinsic value embedded in SolGold.

Full news

https://ca.finance.yahoo.com/news/solgold-plc-announces-further-investment-084500199.html

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