TIDMSGZ

RNS Number : 5601S

Scotgold Resources Ltd

07 November 2023

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

7 November 2023

Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")

Potential Administration Appointment

On 16 October, the Company announced that it was in advanced financing discussions with a strategic investor. Unfortunately, these discussions have not resulted in an investment at this time.

Therefore, the directors, having assessed the options open to them, are now considering the appointment of Administrators over the coming days.

Further announcements will be made in due course.

**ENDS**

 
 Scotgold Resources Limited 
  Sean Duffy, interim CEO and CFO         Via Celicourt Communications 
 Shore Capital (Nomad and Broker)     Tel +44 (0) 20 7408 
  Toby Gibbs / Tom Knibbs              4090 
 Celicourt Communications (Financial  Tel +44 (0) 774 8843 
  PR)                                  871 
  Felicity Winkles / Ariana Fanning

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END

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(END) Dow Jones Newswires

November 07, 2023 03:00 ET (08:00 GMT)

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