Hudson Investment Group Limited

Sovereign Gold Co Ltd (ASX:SOC) (Sovereign Gold) is pleased to announce that, following discussions with Hudson Investment Group Limited (ASX:HGL) (Hudson), Hudson have agreed to underwrite the first $1 million of the recently announced Share Purchase Plan (refer ASX release dated 17th June, 2014).

Yesterday the Australian share market weathered the bad lead from Wall Street and ended with a modest drop. The benchmark S&P/ASX200 index closed down 0.4%, or 14.3 points, at 3474.4, while the All Ordinaries fell 0.3%, or 10.5 points, at 3418.1. Today traders are expecting Rio Tinto's earnings report with a profit increase and details of the talks with Chinalco over the A$30 billion cash injection deal.