BHP tightens its grip on SolGold

BHP will increase its stake in SolGold via a US$22 million private placement and could soon become the company's largest shareholder.

BHP tightens its grip on SolGold BHP tightens its grip on SolGold BHP tightens its grip on SolGold BHP tightens its grip on SolGold BHP tightens its grip on SolGold

SolGold's Cascabel property in Ecuador

BHP will acquire 77 million shares at 22.15p per share, a 13% premium to the Friday closing price of 19.58p. Shares in SolGold opened strongly in London overnight, up more than 13% at 22.20p.

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