SolGold boosts takeover defenses with $20m fundraising

MINING.COM | Ecuador-focused miner SolGold (LON, TSX:SOLG) is bolstering its defenses against a takeover by launching fundraising to raise a minimum of £16 million (about $20m) as top miners try to take advantage of the global economic downturn caused by the coronavirus pandemic.

The company has placed almost 75 million shares, at 21.5 pence apiece, until tomorrow, June 5 at 7:00 am GMT.

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