Goldstone Resources Ltd Suspension of Trading (2614J)
April 08 2020 - 9:07AM
UK Regulatory
TIDMGRL
RNS Number : 2614J
Goldstone Resources Ltd
08 April 2020
8 April 2020
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Suspension of Trading
GoldStone Resources Limited (AIM: GRL) announces that, further
to the announcement published by the London Stock Exchange at 1.30
p.m. today, the Company's ordinary shares of 1p each ("Ordinary
Shares") were suspended from trading on AIM under AIM Rule 40 (the
"Suspension").
The Company has requested the Suspension as a result of having
just become aware that the Company has been dissolved by the Jersey
Registrar of Companies (the "Registrar") with effect from 1 October
2019, due to certain annual filings to the Registrar having not
been made and certain associated fees having not been paid. The
Company is investigating why such filings were not made and such
fees were not paid, though the Board believes that it is a result
of an administrative error. In the meantime, the Board has taken
and will take all requisite action for the Company to be reinstated
by the Royal Court of Jersey (the "Royal Court") as soon as
practicable. It is expected that the Ordinary Shares will be
suspended from trading on AIM until such time as the Company has
been reinstated by the Royal Court, with such reinstatement to be
with effect from the date of dissolution (i.e. 1 October 2019).
Notwithstanding the Suspension, further announcements will be
made as and when there are any developments that require disclosure
under the AIM Rules.
The Board confirms that the Group's operational progress in
Ghana is not expected to be impacted by the above and the
development of the project as announced on 16 March 2020
continues.
Further updates will be provided in respect of the above as
appropriate.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley Tel: +44 (0)7867 785 177 / +233 (0)55
581 8855
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
Catherine Leftley / 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.
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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