Renewed Appointment of Align Research

RNS Number : 6562E

Wishbone Gold PLC

19 October 2018

 

19 October 2018

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 ("MAR").

Wishbone Gold Plc

("Wishbone" or the "Company")

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

Renewed Appointment of Align Research, Issue of Ordinary Shares in Settlement of Fees and Total Voting Rights

Renewed Appointment of Align Research 

Wishbone Gold Plc, the trading and exploration company focused on precious metals announces that the Company has extended its relationship with Align Research Limited ("Align") to provide research on the Company.

Align was founded in early 2016 and has since carved out a niche in the research sphere by aligning themselves with existing and new investors in the companies they research through their preparedness to take equity in those companies by way of their fee. The team of specialist analysts have covered many small cap stocks both in the UK, US & Canada with a particular focus on mining and oil and gas.

Issue of Ordinary Shares in Settlement of Fees

Align have accepted the issue of 20,000,000 new ordinary shares of 0.1p each in the Company ("Ordinary Shares"), issued at a price of 0.1 pence per share, in settlement for their services, to a value of £20,000 representing amounts of fees and expenses owed to Align ("New Ordinary Shares"). Application will be made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 31 October 2018.

Wishbone Chairman Richard Poulden commented, "Align have provided solid and reputable research on companies in our sector for several years now, and I am pleased to extend Wishbone's relationship with them, providing new and existing investors with an in-depth knowledge and assessment of the Company."

Total Voting Rights

Following the issue, allotment and admission of the New Ordinary Shares, the Company's total issued and voting share capital will comprise of 2,104,231,466 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.

For more information on Wishbone please visit the Company's website www.wishbonegold.com

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For further information, please contact:

Wishbone Gold PLC

Richard Poulden, Chairman                                                                        Tel: [phone]

Allenby Capital Limited (Joint Broker, Corporate Adviser and Nominated Adviser)

Nick Naylor/Nick Harriss                                                                             Tel: [phone]

Damson Communications

Abigail Stuart-Menteth/Amelia Hubert                                                    Tel: [phone]

 

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