Wishbone Gold PLC Placing of Equity (5675N)
27 October 2016 - 5:00PM
UK Regulatory
TIDMWSBN
RNS Number : 5675N
Wishbone Gold PLC
27 October 2016
27 October 2016
Wishbone Gold Plc
("Wishbone Gold" or the Company")
Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural
Resources
Placing of Equity
Wishbone Gold Plc (AIM: WSBN), the AIM quoted company focused on
gold trading and acquisitions, today announces that it has raised
GBP400,000 (before expenses) through a placing via its broker,
Beaufort Securities Limited (the "Placing"), of 50,000,000 new
ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.8p
per Ordinary Share (the "Placing Shares"). The Company has also
issued 3,076,923 warrants with an exercise price of 1.3p with a
life of two years to Beaufort Securities Limited.
The proceeds of the Placing will be used for general working
capital purposes and further investment.
The Company will make an application for the Placing Shares to
be admitted to trading on AIM. It is expected that admission will
become effective on 10 November 2016.
Following the issue of the Placing Shares, and for the purposes
of the Disclosure and Transparency Rules, the Company's total
issued share capital on admission of the Placing Shares will
consist of 1,133,756,975 Ordinary Shares.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest, in or a change to their interest
in, the Company, under the Disclosure and Transparency Rules.
Chairman and CEO, Richard Poulden, said:
"We are raising this funding to use for general working capital
purposes and specifically for investment. Our debt facilities are
primarily limited to supporting the trading operations. This
concludes our current round of equity raising".
- ends -
For further information, please contact:
Wishbone Gold Plc
Richard Poulden, Chairman Tel: +44 207 812
and CEO 0645
Allenby Capital
Nick Naylor / Nick Harriss Tel: +44 20 3328
/ James Thomas 5656
Beaufort Securities
Elliot Hance Tel: +44 20 7382
8300
Damson Communications
Halimah Hussain/Amelia Tel: +44 207 812
Hubert 0645
This information is provided by RNS
The company news service from the London Stock Exchange
END
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