SolGold (“SOLG”) has announced that it has entered into a binding agreement with Osisko Gold Royalties Ltd ("Osisko") for a US$50m royalty financing for the Company's flagship Cascabel copper-gold project in northern Ecuador. In combination with the Cornerstone (“CGP”) merger announced last month, the alleviation of near-term funding stress should help to re-rate the stock and leaves value-enhancing options open to SOLG as its Strategic Review continues. Osisko will receive a 0.6% net smelter re ....
07 Nov 2022
SolGold: US$50m Osisko royalty alleviates balance sheet stress and should close Cascabel valuation gap
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SolGold: US$50m Osisko royalty alleviates balance sheet stress and should close Cascabel valuation gap
SolGold Plc (SOLG:LON), 9.6 | SolGold Plc (SOLG:TSE), 0
- Published:
07 Nov 2022 -
Author:
Roger Bell | Ryan Hampton -
Pages:
2
SolGold (“SOLG”) has announced that it has entered into a binding agreement with Osisko Gold Royalties Ltd ("Osisko") for a US$50m royalty financing for the Company's flagship Cascabel copper-gold project in northern Ecuador. In combination with the Cornerstone (“CGP”) merger announced last month, the alleviation of near-term funding stress should help to re-rate the stock and leaves value-enhancing options open to SOLG as its Strategic Review continues. Osisko will receive a 0.6% net smelter re ....