Ann: $1m of SPP underwritten by Hudson Investment Group, page-2

Well that is some good news - finally a major holder shows some support.

Sovereign Gold Company Limited (Sovereign Gold) (ASX: SOC) is pleased to announce that, following discussions with Hudson Investment Group Limited (ASX: HGL) (Hudson), Hudson have agreed to underwrite the first $1 million of the recently announced Share Purchase Plan (refer ASX release dated 17th June, 2014).
Any shortfall from the first $1 million of the SPP Offer will be issued to the Underwriter or sub- underwriters nominated by the Underwriter from Sovereign Gold’s 15% placement capacity under ASX Listing Rule 7.1, or as otherwise approved by the Sovereign Gold’s shareholders.