HopgoodGanim advises Solomon Gold on AUD $24.19 million capital raising

28 October 2010

HopgoodGanim has advised AIM-listed Solomon Gold plc on its recent capital raising in Australia and the United Kingdom.

Solomon Gold has entered into conditional agreements to place 54,017,153 shares at 28 pence per share to institutional and private investors, raising a total of GBP ₤15,124,803 (AUD $24,199,684) before costs.

The new ordinary shares are expected to be admitted to trading on AIM on 9 November 2010.

According to HopgoodGanim Partner Brian Moller, Solomon Gold has projects in Fauro and Guadalcanal in the Solomon Islands, and in Queensland, Australia.

"HopgoodGanim has advised Solomon Gold since 2006, when we acted on its initial public offering and listing on AIM", Mr Moller said.

"Solomon Gold has been actively progressing its gold exploration interests in both the Solomon Islands and Queensland since that time, and the interest shown by investors in this share placement is testimony to the company's ongoing success".

Esther Cohen, Senior Communications Advisor
Tel: 07 3024 0192