Goldstone Resources Ltd Exercise of Warrants (0897B)
June 08 2021 - 1:00AM
UK Regulatory
TIDMGRL
RNS Number : 0897B
Goldstone Resources Ltd
08 June 2021
8 June 2021
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Exercise of Warrants
GoldStone Resources Limited (AIM: GRL), the AIM quoted gold
exploration and development company focused on bringing the Homase
Mine within its Akrokeri-Homase Gold Project ("AKHM") into
production, is pleased to announce an exercise of 4,000,000
warrants to subscribe for new ordinary shares of 1 penny each in
the capital of the Company ("Ordinary Shares") at a price of 3
pence per Ordinary Share (the "Warrant Exercise"). The Warrant
Exercise provides GBP120,000 of additional funding to the
Company.
The 4,000,000 new Ordinary Shares to be issued to pursuant to
the Warrant Exercise will rank pari passu with the existing
Ordinary Shares and application will be made for the New Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective and dealings in the
new Ordinary Shares will commence at 8.00 a.m. on 11 June 2021.
Total Voting Rights
Upon Admission, the Company's issued ordinary share capital will
consist of 411,938,344 Ordinary Shares with one voting right each.
The Company does not hold any Ordinary Shares in treasury,
therefore the total number of Ordinary Shares and voting rights in
the Company on Admission will be 411,938,344. With effect from
Admission, this figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
GoldStone Resources Limited
Bill Trew / Emma Priestley Tel: +44 (0)1534 487 757
Strand Hanson Limited
James Dance / James Bellman Tel: +44 (0)20 7409 3494
S. P. Angel Corporate Finance
LLP
Ewan Leggat / Charlie Bouverat Tel: +44 (0)20 3470 0501
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018.
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold
exploration and development company.
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 Akrokeri 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 52,500 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.
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END
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