Placing of New Ordinary Shares

RNS Number : 2018L

Wishbone Gold PLC

21 December 2018

 

21 December 2018

Wishbone Gold Plc

("Wishbone" or the "Company")

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

Placing of New Ordinary Shares

Wishbone Gold Plc, the gold trading and exploration company has today raised a total of £300,000.00 (before expenses) through a placing via its Company broker, Turner Pope Investments Limited, of 300,000,000 new ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 0.1 pence per share (the "Placing").

The proceeds of the Placing will be used to accelerate production from the newly licensed Honduras gold facility, pursuing potential new opportunities and for general working capital purposes.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 10 January 2019.

The Company's total issued and voting share capital upon admission of the new Ordinary Shares will consist of 2,444,831,466 Ordinary Shares. This 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, securities of the Company.

Enquiries:

Wishbone Gold PLC

Richard Poulden, Chairman                                 Tel: [phone]

Allenby Capital Limited

(Broker, Corporate Adviser and Nominated Adviser)

Nick Naylor/Nick Harriss                                     Tel: [phone]

Turner Pope Investments (TPI) Limited

(Joint Broker)

Andy Thacker                                                        Tel: [phone]

Damson Communications

(Public Relations)

Abigail Stuart-Menteth/Rosie Quigley                   Tel: [phone]

 

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