Scotgold says planning decision on Cononish gold project delayed until next year

The AIM-listed miner said this means a decision on planning permission for the Cononish gold project in Scotland will now be "targeted as early as possible in 2018"

Scotgold's rights issue is crucial step towards full production at Cononish

Scotgold's rights issue will go a long way towards bringing in the funds to get Cononish into production

Scotgold Resources keen to crack on with construction after £2.65 mln raise

Richard Gray, chief executive of Scotgold Resources Limited ( LON:SGZ), tells Proactive they've raised £2.65 mln via a rights issue offering two new shares for every three already held.

The offer price is 25p, although for each five existing shares shareholders also get one new option priced at 40p.

The money raised will be used to commence the next stage of work at Scotgold’s Cononish gold mine in Scotland, where the existing stockpile will shortly be depleted.

Scotgold plans £2.65 mln fundraising via fully underwritten rights issue

Scotgold is gearing up for the next stage of development at the Cononish gold mine

Scotgold narrows losses as it remains ‘hopeful’ of sorting Cononish financing soon

“The directors are currently working with their appointed investment banking advisers on sourcing funding for the Cononish Project from debt and private equity providers and are hopeful of progress being made in this regard”