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SolGold PLC Announces Application for Designated Foreign Issuer
NYSE - LSE
SolGold PLC Announces Application for Designated Foreign Issuer
LONDON, UNITED KINGDOM / ACCESS Newswire / November 28, 2025 / SolGold plc (LSE:SOLG) announces that it has applied to the Ontario Securities Commission for a decision (the "Decision") under the securities legislation of Ontario, Alberta, British Columbia, Newfoundland and Labrador, and Nova Scotia (the "Canadian Jurisdictions") granting it an exemption analogous to the "designated foreign issuer" exemption in Part 5 of National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers ("NI 71-102"). This application follows the Company's voluntary delisting of its ordinary shares from the Toronto Stock Exchange on June 18, 2025.
SolGold currently meets all of the requirements to be a "designated foreign issuer" under NI 71-102 except for one, namely the percentage of the Company's ordinary shares owned, directly or indirectly, by residents of Canada exceeds by a small margin the maximum threshold of 10% required by NI 71-102 (on a fully diluted basis). However, excluding the Company's ordinary shares beneficially owned, or over which control or direction is exercised, by one significant shareholder (the "Significant Shareholder"), the percentage of SolGold's ordinary shares owned, directly or indirectly, by Canadian residents is only 6.76% (on a fully diluted basis) (as far as the Company is aware as of August 6, 2025). The Significant Shareholder has consented in writing to the exemption sought in the Decision.
If the Decision is granted, SolGold will be relieved from certain continuous disclosure requirements under Canadian securities laws provided that, among other things, SolGold files on SEDAR+, makes publicly available or provides to its securityholders in Canada all financial statements and other continuous disclosure materials that it is required to file, make publicly available or provide to its securityholders pursuant to the foreign disclosure requirements of the United Kingdom.
CONTACTS
Ryan Wilson | Tel: +41 (0) 41 710 0428 |
ABOUT SOLGOLD
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.
See www.solgold.com for more information. Follow us on X @SolGold_plc.
CAUTIONARY NOTICE
This release may contain "forward looking information". Forward looking information includes, but is not limited to, statements regarding the Company's plans for developing its properties. Generally, forward looking information can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking information, including but not limited to: transaction risks; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The Company and its officers do not endorse, or reject or otherwise comment on the conclusions, interpretations or views expressed in press articles or third-party analysis.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: SolGold PLC
View the original press release on ACCESS Newswire
W.Richard--SMC
