London- and Toronto-listed SolGold has announced it is raising $36-million from investors, including China’s Jiangxi Copper Investment Company, purchasing 180-million shares in the company.
Of the total, Jiangxi has agreed to purchase 155-million, which will result in the company owning 6.3% of SolGold.
“I am very pleased to have Jiangxi become an investor in SolGold. They are a highly accomplished mining company and more importantly, 100% aligned with SolGold in ensuring all stakeholders are treated respectfully and fairly. This also clearly demonstrates another step forward on my previously announced commitment, to ensure the SolGold team works tirelessly to ensure shareholders are rewarded for funding this world class discovery in Cascabel.
“Jiangxi is a substantial investor in numerous copper mining enterprises globally and their presence will be of great benefit to Ecuador and SolGold shareholders,” said newly appointed CEO Scott Caldwell.