SolGold Clarifies Continuous Disclosure Record
Bishopsgate, London (FSCwire) - SolGold plc (LSE and TSX: SOLG) announces today that, as a result of an issued oriented review by staff of the Ontario Securities Commission ("OSC") in connection with the Company's continuous disclosure record, SolGold has filed restated management's discussion and analysis for the year ended June 30, 2017 ("2017 MD&A") and its management's discussion and analysis for the nine months ended March 31, 2018 ("Q3 2018 MD&A"), along with the certifications of the Chief Executive Officer and the Chief Financial Officer relating to the 2017 MD&A and the Q3 2018 MD&A (the "Management Certifications" and together with the 2017 MD&A and Q3 2018 MD&A, the "Continuous Disclosure Documents"). In addition, several of the Company's website investor presentations were revised due to comments by OSC staff.
SolGold was selected as a part of the OSC's normal course compliance monitoring process for a full review of its compliance record. Based upon this review and at the request of the OSC, SolGold has refiled the revised Continuous Disclosure Documents on SEDAR under the Company's issuer profile at www.sedar.com.
The restatement is due to certain continuous disclosure issues identified by the OSC, as described in greater detail below:
2017 MD&A:
- Updated to include a discussion on the variations over the eight most recent quarters;
- Updated the eight most recent quarters to include the profit or loss attributable to owners of the parent in total and on a per share basis;
- Additional disclosure on the exploration and evaluation spend by project area; and
- Expanded disclosure on liquidity and capital reserves.
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http://www.rns-pdf.londonstockexchange.com/rns/0847C_1-2018-9-26.pdf
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To view the associated document to this release, please click on the following link:
public://news_release_pdf/solgold09272018.PDF
To view the original release, please click here
Source: SolGold plc (TSX:SOLG, LSE:SOLG, OTC Pink:SLGGF)
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