Goldstone Resources Ltd Issue of Fee Shares (6003S)
10 July 2020 - 4:00PM
UK Regulatory
TIDMGRL
RNS Number : 6003S
Goldstone Resources Ltd
10 July 2020
10 July 2020
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Issue of Fee Shares
GoldStone Resources Limited (AIM: GRL), announces the issue of
1,735,714 ordinary shares of 1 penny each in the Company ("Ordinary
Shares") (the "Fee Shares") in respect of commission due to a third
party adviser in relation to the gold loan secured from Asian
Investment Management Services Ltd (the "Gold Loan"), as announced
on 22 June 2020. The number of Fee Shares to be issued in respect
of such commission has been calculated by reference to the closing
share price of 4.2p on 19 June 2020, being the last busines day
immediately prior to the Gold Loan being entered into.
Admission and Total Voting Rights
The Fee Shares will rank pari passu with the existing Ordinary
Shares and application will be made for the 1,735,714 Fee Shares to
be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and dealings in the Fee Shares will
commence at 8.00 a.m. on 16 July 2020.
Following Admission, the Company's issued share capital will
consist of 251,785,967 Ordinary Shares with voting rights. The
Company does not currently hold any Ordinary Shares in
treasury.
Accordingly, the above figure of 251,785,967 may be used by
shareholders, following Admission, as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley Tel: +44 (0)7867 785 177 / +233 (0)55
581 8855
Strand Hanson Limited
Richard Tulloch / James Tel: +44 (0)20 7409 3494
Bellman
SI Capital Limited
Nick Emerson Tel: +44 (0)1483 413 500
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold
exploration and development company.
The Company is focused on developing the Akrokeri-Homase project
in south-western Ghana, which hosts a JORC Code compliant 602,000
oz gold resource at an average grade of 1.77 g/t. The existing
resource is confined to a 4km zone of the Homase Trend, including
Homase North, Homase Pit and Homase South.
The project hosts two former mines, the Akrokeri Ashanti Mine
Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the
early 1900s, and the Homase Pit which AngloGold Ashanti developed
in 2002/03 producing 52,500 oz gold at 2.5 g/t recovered. It is the
Company's intention to build a portfolio of high-quality gold
projects in Ghana, with a particular focus on the highly
prospective Ashanti Gold Belt.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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