🕐25.01.10 - 11:04 Uhr
Scotgold plans to list on AIM
25 January 2010
SCOTGOLD PLANS TO LIST ON AIM
Gold exploration company, Scotgold Resources Limited ("Scotgold" or the
"Company") (ASX: SGZ), advises that it has decided to seek admission for
its ordinary shares to trade on the London Stock Exchanges AIM Market
("AIM").
The rules governing AIM permit companies listed on the ASX to be
admitted to AIM whilst maintaining their ASX listing.
The Company has
engaged Westhouse Securities Limited to act as its nominated adviser and
broker.
Scotgolds Chief Executive, Chris Sangster, commenting on the dual listing,
said:
"Scotgold has recently had a significant increase in the level of interest
from British and other European investors, following the success of its
resource delineation drilling at the Cononish Gold and Silver project and
an increased and very promising exploration campaign in the greater
Grampian Gold project which surrounds Cononish.
The secondary listing on
AIM will give Scotgold greater access to this potential investor
interest."
"The proposed dual listing and the appointment of Westhouse provides a real
opportunity to expand Scotgolds gold mining business," Mr Sangster said.
Scotgold has been drilling at Cononish;
To infill the existing inferred JORC Mineral Resource as part of the
Companys
program to advance the project to production; and
To test high grade gold targets (up to 119.9g/t gold) in the recently
identified
eastern extension of the Cononish mineralisation.
Scotgold is also exploring for gold, silver and base metals over the
greater Grampian gold project which surrounds Cononish and comprises a
total area of 2,200 km² which is considered to be highly prospective for
gold mineralization.
To view the full ASX announcement please click here.
http://esp.gewru.com/download/files/12414/1060441/scotgold%20plans%20to%20list%20on%20AIM.pdf
For further information please contact:
Chris Sangster
Chief Executive Officer
Scotgold Resources Limited
Tel: +44 (0) 77 25629509
E:
W: www.scotgoldresources.com
Karen Oswald
Account Manager, Investor Relations
Professional Public Relations
Tel: 08 9388 0944 / 0423 602 353
E:
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