RNS Number : 7074S
Scotgold Resources Ltd
08 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.

8 November 2023



  

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

Director Resignation

 

Nathaniel (Nat) le Roux has notified the Board of his resignation as a Director of Scotgold Resources Limited and its subsidiary companies with immediate effect.

Nat le Roux is the major secured creditor of SGZ Cononish Limited, a subsidiary to Scotgold Resources Limited. 

The Board is now evaluating the Group's position to consider all options available to the Company and its subsidiary companies.

 

Further announcements will be made in due course.

 

Mr le Roux made the following statement: "After almost ten years on the Board, I have made this decision with considerable regret. As Scotgold's operating subsidiary heads towards administration, there is an unavoidable conflict between the interests of the Company and my personal interest as the major secured creditor, and I believe it is in the interests of shareholders generally that I now stand down. I remain the Company's largest shareholder, and the Board has my full support at this very difficult time."

**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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