TIDMWSBN

RNS Number : 2998A

Wishbone Gold PLC

06 June 2016

The following amendments have been made to the 'Signing of Loan Facility' announcement released today at 7:00 a.m. under RNS No 2432A.

The number of Commitment Fee Shares to be issued was stated as 3,826,611. This figure should have been 38,657,037. Furthermore, the Company's total issued share capital on Admission was stated as 1,003,816,975 Ordinary Shares, which should have been 1,038,647,401.

All other details remain unchanged.

The full amended text is shown below.

6(th) June 2016

Wishbone Gold Plc

Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources

Wishbone Gold PLC ("Wishbone Gold" or the "Company")

Signing of Loan Facility

Wishbone Gold Plc, the precious metals trading and exploration company, announces that it has agreed a two-year loan facility of US$3m from Sanderson Capital Partners (the "Facility") to support its gold trading business and for general working capital.

The terms of the Facility are that it can be drawn in multiples of US $100,000 at any time during the period of the facility and can be repaid at any time. It carries interest at 2% per annum and in addition 0.5% is payable on each trade of precious metals where the Facility is utilised either to support a letter of credit or in direct trading. The Facility expires on 6 June 2018 and is unsecured as long as no breach of the terms of the facility has occurred..

A 10% commitment fee is payable in ordinary shares of Wishbone. These shares will be issued at a price of 0.54 pence per ordinary share, being the closing mid-market price of the Company's shares on 3 June 2016. Application will be made to AIM for the admission of these 38,657,037 ordinary shares of 0.1p each in the Company (the "Commitment Fee Shares"). Admission of the Commitment Fee Shares is expected to occur on 10 June 2016. Following the issue of the Commitment Fee Shares, and for the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital on Admission will consist of 1,038,647,401 Ordinary Shares.

Richard Poulden, Chairman and CEO of Wishbone Gold Plc commented: "I believe this is an excellent deal for Wishbone. Sanderson have recognised the lower risk opportunity of the project with a low interest rate and other fees linked entirely to the success of our operations. Thus far we have traded gold in small volumes constrained by working capital and this enables us to move on the larger contracts, which we have in place. We will issue a trading update as soon as we are able to do so."

ENDS

For further information, please contact:

Wishbone Gold Plc

   Richard Poulden, CEO                                       Tel: +44 207 812 0645

Allenby Capital

   Virginia Bull / James Thomas                             Tel: +44 20 3328 5656

Damson Communications

   Abigail Stuart-Menteth                                       Tel: +44 207 812 0645

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 06, 2016 05:48 ET (09:48 GMT)

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