Wishbone Gold PLC Update on Equity Sharing Agreement (9388T)
18 October 2017 - 8:01PM
UK Regulatory
TIDMWSBN
RNS Number : 9388T
Wishbone Gold PLC
18 October 2017
18 October 2017
Wishbone Gold Plc
("Wishbone Gold" or the "Company")
Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural
Resources
Update on Equity Sharing Agreement
On 18 August 2017, the Company announced (the "Announcement")
that it had entered into an equity sharing agreement with by D-Beta
One EQ Ltd (the "Equity Sharing Agreement"). The Equity Sharing
Agreement was arranged by RiverFort Global Capital
("RiverFort").
Further to the Announcement, the Company can confirm that
$36,723.30 was paid to the Company by D-Beta One EQ Ltd under the
Equity Sharing Agreement as the first Monthly Payment. The first
Monthly Payment has been allocated by D-Beta One EQ Ltd towards the
outstanding balance of the Investment Agreement with YA II PN Ltd
(as permitted under the Equity Sharing Agreement) as to $30,805.19
towards loan repayment and $5,917.81 towards interest on the
loan.
Going forward, the Company intends to announce the results of
their monthly payments in the second week of the month following
the month in which the trading calculations are made. The Company
is also in discussions with RiverFort regarding the allocation of
future Monthly Payments.
For more information on Wishbone Gold please visit the Company's
website www.wishbonegold.com.
(All defined terms are as used in the Announcement)
Enquiries:
Wishbone Gold Plc
Richard Poulden, CEO & Chairman Tel: +44 207 812 0645
Allenby Capital
Nick Naylor / Nick Harriss / James Thomas Tel: +44 20 3328 5656
Beaufort Securities Limited
Elliot Hance Tel: +44 20 7382 8300
Damson Communications
Abigail Stuart-Menteth / Amelia Hubert Tel: +44 207 812 0645
This information is provided by RNS
The company news service from the London Stock Exchange
END
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