Goldstone Resources Ltd Update regarding claim by a former director (0943T)
March 18 2019 - 2:00AM
UK Regulatory
TIDMGRL
RNS Number : 0943T
Goldstone Resources Ltd
18 March 2019
18 March 2019
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Update regarding claim by a former director
GoldStone Resources Limited (AIM: GRL) provides an update
regarding the claim against the Company by Hendrik Schloemann, a
former director of the Company, first announced on 13 October 2016
(the "Claim").
Further to its announcement of 14 December 2018, the Company has
withdrawn an appeal lodged with the South African Labour Court and
whilst the Company is required to agree a payment schedule with Mr
Schloemann's attorney, the Company is considering its options in
this regard and in relation to the Claim with its advisers.
Further announcements will be made as and when appropriate.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley / Bill Trew Tel: +44 (0)20 7236 1177
Strand Hanson Limited
Richard Tulloch / James Tel: +44 (0)20 7409 3494
Bellman
SI Capital Limited
Nick Emerson Tel: +44 (0)1483 413 500
St Brides Partners Ltd
Susie Geliher / Juliet Tel: +44 (0)20 7236 1177
Earl
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
- ENDS-
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold
exploration and development company with projects in Ghana, Senegal
and Gabon that range from grassroots to advanced exploration.
The Company is focused on developing the Akrokeri- Homase
project in south-western Ghana, which hosts a JORC Code compliant
602,000 oz 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. 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.
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.
END
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