SolGold (“SOLG”) has announced it has sold ~157m SOLG shares which were previously held by Cornerstone Capital Resources prior to its merger with SOLG in 2023, raising ~US$18m. The shares were purchased by a subsidiary of Jiangxi Copper (“Jiangxi”) at US$0.115/sh, a 45% premium to the prevailing price on 11th March. Upon closing, Jiangxi’s ownership in SOLG will be 12.2%, making them the largest shareholder. Having reached several de-risking milestones in 2024, Cascabel is now a lower-risk, more ....
