Goldstone Resources Ltd Restoration of Trading (6007Q)
29 June 2022 - 4:00PM
UK Regulatory
TIDMGRL
RNS Number : 6007Q
Goldstone Resources Ltd
29 June 2022
29 June 2022
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Restoration of Trading
GoldStone Resources Limited (AIM: GRL), the emerging gold
producer and developer focussed on Ghana, is pleased to announce
the lifting of the temporary suspension and the restoration of
trading in its ordinary shares on the AIM market of the London
Stock Exchange plc.
On 10 June 2022, GoldStone's ordinary shares were temporarily
suspended from trading on AIM pending an announcement.
The Board can now confirm that an armed robbery took place at
its Homase site, which, whilst no-one was hurt, resulted in a loss
of gold with a value of approximately US$350k. Whilst this loss is
not expected to have a material impact on the financial performance
of the business, the Company was not in a position to make an
announcement that was compliant with the AIM Rules, which led to a
suspension in the trading of its ordinary shares on AIM whilst an
investigation was launched by the authorities in Ghana.
The investigation into the robbery is ongoing and, concurrently,
GoldStone is reviewing its security protocols. A new security
company has been appointed and additional security measures are
being implemented on an urgent basis to enhance protection for the
Company's operations, assets and personnel moving forward. These
issues are causing some short-term disruption to operations, which
are expected to continue into Q3 2022, but the Company expects to
maintain regular production of gold doré throughout Q3 and Q4
2022.
The suspension of the Company's ordinary shares from trading on
AIM will be lifted with effect from 7.30 a.m. today and,
accordingly, trading in the ordinary shares on AIM will be restored
at 8.00 a.m. today.
For further information, please contact:
GoldStone Resources Limited
Bill Trew / Emma Priestley Tel: +44 (0) 1534 487 757
Strand Hanson Limited
James Dance / James Bellman Tel: +44 (0) 20 7409 3494
S. P. Angel Corporate Finance
LLP
Ewan Leggat / Charlie Bouverat Tel: +44 (0) 20 3470 0501
St Brides Partners Limited Tel: +44 (0) 20 7236 1177
Susie Geliher / Catherine Leftley
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended.
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END
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