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) Toby Gibbs / Tom Knibbs
| Tel +44 (0) 20 7408 4090 |
| Celicourt Communications (Financial PR) Felicity Winkles / Ariana Fanning
| Tel +44 (0) 774 8843 871 |
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