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Australia's BHP to subscribe for shares in SolGold

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By Reuters

(Reuters) – The world’s biggest miner BHP on Tuesday said it entered a share subscription agreement with copper-gold explorer SolGold Plc, under which SolGold will issue a 100 million shares to the company.

BHP has agreed to pay 45 pence per SolGold share, which is at an about 36.6 percent premium to the stock’s close on Monday close.

(Reporting by Devika Syamnath in Bengaluru)