The Board of Directors of SolGold (SLGGF) makes the following statement in relation to the litigation proceedings between Darryl Cuzzubbo v SolGold plc and Ors: the proceedings between Cuzzubbo and SolGold and its current and former directors have been resolved by way of settlement; SolGold no longer contends that Cuzzubbo engaged in any serious misconduct during his employment; the parties agree that, at the time of Cuzzubbo’s termination, his view as to the company’s operation differed to that of the Board of SolGold; and a payment was made by SolGold to Cuzzubbo in respect of the settlement and the terms of settlement are otherwise confidential.
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