Scotgold has moved to extend the deadline for a £470,000 rights issue launched to provide cash to explore new options for its proposed Scottish gold mine.
The company announced the shares plan late last month as it confirmed it was considering downsizing its plans to develop the Cononish prospect near Tyndrum in Loch Lomond and the Trossachs National Park. It is hoping to target higher-grade material at the seam.
The rights issue deadline move came as Scotgold received a boost after the investment committee of RMB Resources Limited, a division of Firstrand Bank, approved an extension to its corporate banking facility.
