Mount Adrah IPO Withdrawn
Sydney, June 16, 2014 AEST (ABN Newswire) - Sovereign Gold Co Ltd (
ASX:SOC) (Sovereign Gold) has been advised by Mount Adrah Gold Limited (Mount Adrah) that it has withdrawn the IPO of Mount Adrah and has also withdrawn its application to list on the ASX.
Mount Adrah also advises that funds received pursuant to the IPO to date will be returned to investors forthwith.
Sovereign Gold retains its 72.11% interest in Mount Adrah.
About Sovereign Gold Company Limited
Sovereign Gold Co Ltd (ASX:SOC) is an Australian-based specialist gold exploration company. Sovereign Gold has a portfolio of quality tenements located in Eastern Australia where there is known potential for the occurrence of Intrusion-Related Gold Systems (IRGS). Sovereign Gold has a highly prospective tenement package covering the Rocky River-Uralla Goldfield, 21km southwest of Armidale, NSW, Australia. Sovereign owns the recent Mt Adrah Hobbs IRGS discovery south-east of Wagga Wagga, NSW.
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