Sydney, Australia (ABN Newswire) - Chairman of Sovereign Gold Co Ltd (ASX:SOC) provided the following speech to address to shareholders.Good Morning Ladies and Gentlemen,Welcome to the 2014 Annual General Meeting of Sovereign Gold Company Ltd..As I outlined in the Chairman's Review in the Annual Report, 2013 has been a year of remarkable achievement for the Company. That progress will continue with the proposed [...]
Sovereign Gold Company advises that a supplementary prospectus for the Initial Public Offering of shares in Mount Adrah Gold was lodged with the Australian Securities and Investments Commission on 20 May 2014. In the original prospectus Mount Adrah relied on the JORC 2012 streamlined Competent Person sign-off regime with respect to its Mineral Resource and exploration results by referring to previous announcements made by [...]
Sovereign Gold Company announce that the Mt. Adrah Gold Project - Wedge drilling program to commence using diamond hole GHD009 as the mother hole, aiming to more fully assess the high-grade Castor reef structure. - The wedge hole program is designed to determine the shape, orientation, width and grade of the Castor gold mineralised structure (10m @ 17.7 g/t Au from 506m downhole) intersected during 2013 drilling and [...]
Julian Malnic, Managing Director of Mt Adrah Gold presents at Investorium.tv to Sydney Capital Markets from the Sydney Sky Venue on April 28, 2014. The launch of the Mt Adrah IPO was supported by Mr Malnic's presentation, which outlined the nature of the gold deposit, and the opportunity that is being offered investors through Mt Adrah's ASX upcoming listing. Mount Adrah Gold has a portfolio of highly [...]
Sovereign Gold advises that Bergen Global Opportunity Fund II, LLC (Bergen) today has converted $200,000 of its Convertible Note to equity in accordance with the Convertible Note issued in December 2013. Sovereign Gold has issued 3,472,222 Sovereign Gold Shares at a value of $0.0576 per share to Bergen. Please see link below for appendix 3B.
During the quarter Julian Malnic was appointed a director of Sovereign Gold Company and Chief Executive Officer of Mount Adrah Gold (formerly called Gossan Hill Gold Limited).Spin out Mount Adrah through ASX IPO (ASX 31 March 2014)Sovereign Gold announced the spin out of Mount Adrah to be listed on the ASX in the second quarter 2014. Sovereign Gold's existing shareholders are eligible to apply for shares in a [...]
Sovereign Gold Company has embarked on a substantial asset rationalisation and Corporate Restructure. Upon the successful completion of the Corporate Restructure currently being undertaken by Sovereign Gold, through an effective rationalisation and simplification of the asset portfolio, the intrinsic value of the Company will be highlighted and significantly more transparent. The rationalisation will deliver a simpler and [...]
Sovereign Gold and Precious Metal Resources have reached agreement on a proposed corporate restructuring to rationalise and simplify the structure and assets of each company. Background for the Proposed Corporate RestructureSovereign Gold and PMR currently hold exploration tenements in the New England district of New South Wales targeting gold, silver and base metals.Both Sovereign Gold and PMR have separately entered [...]
Sovereign Gold Company advises that the Prospectus for the Initial Public Offering of shares in Mount Adrah Gold was lodged with the Australian Securities and Investments Commission on 4 April 2014.Mount Adrah is a 72% owned subsidiary of Sovereign Gold. Mount Adrah has reserved the ASX code: "MTL".Initial Public OfferingThe Mount Adrah IPO is for 10,000,000 Shares at an issue price of $0.20 per Share to raise a minimum [...]
Sovereign Gold is proposing to spin-out Mount Adrah Gold Limited (formerly Gossan Hill Gold Limited), a 72% owned subsidiary Sovereign Gold. Mount Adrah Gold has a portfolio of highly prospective gold projects in New South Wales, Australia at the Mount Adrah Gold Project. Exploration aims to locate a major gold deposit, with a principal focus on the Mount Adrah Gold area where the JORC Code compliant Mineral Resource [...]
Mount Adrah Gold Limited (formerly Gossan Hill Gold Limited), a 72% held subsidiary of Sovereign Gold Company Ltd. (ASX:SOC) is to recommence drilling at the Mount Adrah Gold Project in south-eastern NSW.Initial drilling will target shallow high-grade narrow vein mineralisation identified in old workings and previous shallow drilling at Arcadia Reefs.The current program will also include:- Infill drilling of Hobbs Pipe 1 [...]
Julian Malnic has joined the board of Sovereign Gold Company Julian was recently appointed to manage the Mount Adrah Gold Project in south-eastern NSW. CEO, Michael Leu said "Sovereign Gold will strengthen its market profile with the addition of well-known industry identity, Julian Malnic. "As founder and chairman of the Sydney Mining Club, Julian has seen it grow to be Sydney's leading forum for mining executives [...]