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Newcrest to increase SolGold ownership to 15.33%

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Newcrest to increase SolGold ownership to 15.33%

Newcrest Mining Ltd. said Dec. 17 that unit Newcrest Holdings (Investments) Pty. Ltd. agreed to acquire 27,870,000 shares of SolGold PLC for £11.1 million.

Following the acquisition, Newcrest will own 283,466,471 shares, or about 15.33% of SolGold, from the previous 13.83%.