TIDMGRL

RNS Number : 8770T

Goldstone Resources Ltd

17 October 2017

17 October 2017

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Director/PDMR Notification

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that Bill Trew, Non-Executive Chairman of the Company, has today purchased 2,000,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 1.6 pence per Ordinary Share.

Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.17% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 74,352,377 Ordinary Shares, representing 29.78% of the Company's currently issued share capital.

For further information, please contact:

 
 GoldStone Resources 
  Limited 
 Emma Priestley / Bill     Tel: +44 (0)20 7830 9650 
  Trew 
 
 Strand Hanson Limited 
 Richard Tulloch / James   Tel: +44 (0)20 7409 3494 
  Bellman 
 
 SI Capital Limited 
 Nick Emerson              Tel: +44 (0)1483 413 500

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold. 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.

PDMR Notifications

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                             William Trew 
---  -------------------------------  ---------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------- 
 a)   Position/status                  Director of the Company 
---  -------------------------------  ---------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ---------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                             Goldstone Resources Limited 
---  -------------------------------  ---------------------------- 
 b)   LEI                              213800B7ATYRPQUTS551 
---  -------------------------------  ---------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of 1 penny 
       Financial instrument,            each in the share capital 
       type of instrument               of the Goldstone Resources 
                                        Limited 
---  -------------------------------  ---------------------------- 
      Identification code              JE00BRJ8YF63 
---  -------------------------------  ---------------------------- 
 b)   Nature of the Transaction        Purchase of Ordinary Shares 
---  -------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         GBP0.016    2,000,000 
                                        ----------  ---------- 
---  -------------------------------  ---------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  ---------------------------- 
 e)   Date of the transaction          17 October 2017 
---  -------------------------------  ---------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
                                        Market (XLON) 
---  -------------------------------  ----------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 17, 2017 13:18 ET (17:18 GMT)

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