Director/PDMR Shareholding

RNS Number : 8770T
Goldstone Resources Ltd
17 October 2017
 

17 October 2017

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Director/PDMR Notification

 

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that Bill Trew, Non-Executive Chairman of the Company, has today purchased 2,000,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 1.6 pence per Ordinary Share.

 

Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.17% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 74,352,377 Ordinary Shares, representing 29.78% of the Company's currently issued share capital.

 

 

For further information, please contact:

 

GoldStone Resources Limited

 

Emma Priestley / Bill Trew

Tel: +44 (0)20 7830 9650

 

 

Strand Hanson Limited

 

Richard Tulloch / James Bellman

Tel: +44 (0)20 7409 3494

 

 

SI Capital Limited

 

Nick Emerson

Tel: +44 (0)1483 413 500

 

 

 

About GoldStone Resources Limited

 

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

 

The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold.  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.

 

PDMR Notifications

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

William Trew

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Goldstone Resources Limited

b)

LEI

213800B7ATYRPQUTS551

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited

Identification code

JE00BRJ8YF63

b)

Nature of the Transaction

Purchase of  Ordinary Shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.016

2,000,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

17 October 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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