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Update on Investment in SolGold
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23 August 2013
The Directors of DGR Global Ltd (DGR, the Company) are pleased to advise that SolGold Plc (SolGold,LSE(AIM):SOLG), in which DGR holds 54m shares (or approximately 10%), was significantly re-rated overnight on the back of its announcement regarding the receipt of the Environmental Report Approval from the Ecuadorian Ministry of Environment for its highly prospective Cascabel copper-gold porphyry project in Ecuador.
HIGHLIGHTS:
- Written approval for the Cascabel Estudio de Impacto Ambiental (EIA) report was received on 21 August(Ecuador time) from the Ministry of Environment in Ecuador�s capital, Quito.
- The approval of the EIA report by the Ministry of Environment now facilitates the issue of the Environmental License that will enable the commencement of drilling on the Cascabel concession.
- Final stages of drill rig mobilisation to commence immediately upon signing of the Environmental License by the Minister.
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Overnight trading on the London Stock Exchange�s AIM Board provided SOLG with a 92% uplift in share price, moving from 4.1p to 8.22 during the evening, closing at 7.88p on a volume of approximately 60 million shares traded.
Yours, DGR Global Ltd
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This email was sent by DGR Global, DGR Global Ltd, Level 27, 111 Eagle St, Brisbane, Australia, 4000
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Global Iron Limited
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CODE : GFE.AX |
ISIN : AU000000GFE1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Global Iron is a gold and iron exploration company based in Australia. Global Iron holds various exploration projects in Australia. Its main exploration properties are MT IDA and MT DIMER in Australia. Global Iron is listed in Australia and in Germany. Its market capitalisation is AU$ 8.5 millions as of today (US$ 8.7 millions, € 7.0 millions). Its stock quote reached its highest recent level on November 02, 2007 at AU$ 0.85, and its lowest recent point on November 21, 2008 at AU$ 0.03. Global Iron has 18 125 002 shares outstanding. |