Goldstone Resources Ltd Update re Subscription
13 Mai 2024 - 11:45AM
RNS Regulatory News
RNS Number : 1692O
Goldstone Resources Ltd
13 May 2024
13
May 2024
GOLDSTONE RESOURCES
LIMITED
("GoldStone" or the
"Company")
Update re
Subscription
Further to the Company's
announcement of 7 May 2024, the Company notes that the timetable
for the Subscription has been extended to allow for completion of
transfer of funds from certain subscribers. The
Company expects receipt of all funds in respect of the Subscription
by no later than 17 May 2024, subject to which it is expected that
the Subscription Shares, the Conversion Shares, the Fee Conversion
Shares, and the Adviser Fee Shares will be admitted to trading on
AIM at 8:00 a.m. on or around 20 May 2024 and suspension of the
Company's Ordinary Shares from trading will be lifted on the same
day.
Defined terms used in this announcement shall have the same
meanings as in the Company's announcement entitled "Conditional
Fundraising, Gold Loan Standstill Amendment, and Notice of Annual
General Meeting" dated 10 April 2024 unless otherwise defined
herein.
For
further information, please contact:
|
GoldStone Resources Limited
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|
|
Emma Priestley
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Tel: +44 (0)1534 487 757
|
|
Strand Hanson Limited
|
|
|
James Dance / James
Bellman
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Tel: +44 (0)20 7409 3494
|
|
S.
P. Angel Corporate Finance LLP
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|
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Ewan Leggat / Charlie
Bouverat
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Tel: +44 (0)20 3470
0501
|
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St
Brides Partners Ltd
Susie Geliher
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Tel: +44 (0)20 7236 1177
|
|
|
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About GoldStone Resources Limited
GoldStone Resources Limited (AIM:
GRL) is an AIM quoted mining and development company with projects
in Ghana that range from grassroots exploration to
production.
The Company is focused on developing
the Akrokeri-Homase project in south-western Ghana, which hosts a
JORC Code compliant 602,000oz 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 Akrokerri 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 52,000 oz gold at
2.5 g/t recovered. Production is currently focussed on the
Homase Mine however 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.
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END
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