SHANGHAI, March 12, 2025 — Jiangxi Copper Company Limited (JCC) announced today that its subsidiary, Jiangxi Copper (Hong Kong) Investment Company Limited (JCCHK, collectively with JCC, “Jiangxi”), has entered a share purchase agreement with SolGold Canada Inc., a subsidiary of SolGold plc (SolGold). According to the agreement, SolGold Canada will sell, and Jiangxi will purchase, 157,141,100 ordinary shares of SolGold (the “Purchased Shares”) at US$0.115 per share, totaling approximately US$18 million (the “Investment”).
The Investment’s completion is contingent upon standard conditions and regulatory approval from Chinese authorities.
Jiangxi currently holds 208,616,587 ordinary shares of SolGold, representing 6.95% of SolGold’s issued share capital. Upon completion of the Investment, Jiangxi will hold 365,757,587 ordinary shares, representing 12.19% of SolGold’s issued share capital.
The total consideration for the Purchased Shares is about US$18 million, or US$0.115 per share, which is approximately C$26 million or C$0.166 per share based on the Bank of Canada rate of 1.4451 as of March 11, 2025.
Jiangxi is acquiring the Purchased Shares for investment purposes and may, in the future, increase or decrease its investment in SolGold through market transactions, private arrangements, treasury issuances, or other means.
JCC’s head office is located at No. 7666, Changdong Avenue, Nanchang, Jiangxi Province, People’s Republic of China 330096.
SolGold’s registered office is located at 1 Cornhill, London, EC3V 3ND, United Kingdom.
Further details regarding the aforementioned matters can be found in an early warning report filed under SolGold’s SEDAR+ profile at www.sedarplus.ca. For additional information and a copy of the early warning report, please contact: Wan, Haiping Tel : +86 791 8271 0566.
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