08:00 Wed 07 Jun 2017
Scotgold Resources - First Scottish Gold Sale
Wednesday (The "Company" or "Scotgold")
First
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The agreement involves significant input from both
Whilst all the parties have agreed to keep the precise terms of the sale confidential, the premium received was in excess of the 30% reserve stipulated for the Scottish Gold Rounds, auctioned in
In addition to setting out the commercial terms for this first sale to the Scottish jewellery industry, the sales agreement includes detailed conditions for the use and marketing of the Scottish Gold, which are designed to protect the branding of this rare and precious commodity and will form the basis of all such future sales.
Upon delivery of the Scottish Gold and the production of the first unique pieces, the two authorised jewellers will make further announcements as to where and how these pieces can be obtained.
In addition to the production of
Scotgold CEO,
For further information please contact:
Limited |
Limited |
Capital Markets Consultants |
Ltd |
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Tel: +44 (0)1838 400 306 |
Tel: +44 (0)20 7601 6100 |
Tel +44 (0)7703 167 065 |
Tel: +44 (0)20 3651 2911 |
Forward Looking Statement
Statements regarding plans with respect to the Company's mineral properties are forward-looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties.
This information is provided by RNS
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