RNS Number : 6007Q

Goldstone Resources Ltd

29 June 2022

29 June 2022


("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 
 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.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

June 29, 2022 02:00 ET (06:00 GMT)

Goldstone Resources (LSE:GRL)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Goldstone Resources Charts.
Goldstone Resources (LSE:GRL)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Goldstone Resources Charts.