TIDMWSBN

RNS Number : 5675N

Wishbone Gold PLC

27 October 2016

27 October 2016

Wishbone Gold Plc

("Wishbone Gold" or the Company")

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

Placing of Equity

Wishbone Gold Plc (AIM: WSBN), the AIM quoted company focused on gold trading and acquisitions, today announces that it has raised GBP400,000 (before expenses) through a placing via its broker, Beaufort Securities Limited (the "Placing"), of 50,000,000 new ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.8p per Ordinary Share (the "Placing Shares"). The Company has also issued 3,076,923 warrants with an exercise price of 1.3p with a life of two years to Beaufort Securities Limited.

The proceeds of the Placing will be used for general working capital purposes and further investment.

The Company will make an application for the Placing Shares to be admitted to trading on AIM. It is expected that admission will become effective on 10 November 2016.

Following the issue of the Placing Shares, and for the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital on admission of the Placing Shares will consist of 1,133,756,975 Ordinary Shares.

The above figure may be used by shareholders 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 Company, under the Disclosure and Transparency Rules.

Chairman and CEO, Richard Poulden, said:

"We are raising this funding to use for general working capital purposes and specifically for investment. Our debt facilities are primarily limited to supporting the trading operations. This concludes our current round of equity raising".

- ends -

For further information, please contact:

 
 Wishbone Gold Plc 
 Richard Poulden, Chairman    Tel: +44 207 812 
  and CEO                      0645 
 
 Allenby Capital 
 Nick Naylor / Nick Harriss   Tel: +44 20 3328 
  / James Thomas               5656 
 
 Beaufort Securities 
 Elliot Hance                 Tel: +44 20 7382 
                               8300 
 
 Damson Communications 
 Halimah Hussain/Amelia       Tel: +44 207 812 
  Hubert                       0645

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 27, 2016 02:00 ET (06:00 GMT)

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