Le Roux informed the Scottish gold miner that due to his current holding being almost 50% he was unlikely to take up the options, which are for over 1.745mln shares and exercise at 40p.
Rhodora represents a wide group of investors who are keen to pay a significant part in the development of Scotland's gold mining industry, said today's statement.
The options were originally non-transferable and issued alongside a rights issue in December 2017.
They are the equivalent of around 7% of the shares in issue and if exercised in full would raise around £700,000 at a time when Scotgold will be considering the acceleration of the development of Phase 2 at Cononish said Richard Gray, chief executive.
“This transaction not only greatly increases the likelihood that a substantial proportion of the options will be exercised, but also has the potential to bring on board a strategic investor who shares the company's vision for a Scottish gold mining industry"