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Scotgold Resources suspends trading on AIM

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Scotgold Resources Ltd temporarily stopped trading today at the company’s own request pending clarification of the company’s financial position.

The company’s ordinary shares of no par value stop trading from 7.30am on AIM at its own request.

In March, Scotgold raised concerns over its future following low gold grades, lack of funding, rising losses and debt at its Cononish mine near Tyndrum.

In June, chief executive officer Phil Day resigned and chief financial officer Sean Duffy became interim CEO.

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