Red Setter to be Expanded with £1.5m raise TVR
Summary by AI BETAClose X
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR
27 August 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Red Setter Gold Dome Drilling Program to be Expanded with £1.5 million raise
And Total Voting Rights update
Wishbone Gold Plc announces that it has raised £1,500,000 (gross) at a placing price of 1.25 pence per share ("Placing Price") through the issue of 120,000,000 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary Shares").
Richard Poulden, Chairman, commented; "The proceeds of this fundraise will provide a significant boost to the Company's cash reserves and provide additional working capital to significantly expand the Company's drilling efforts at its key 100% owned Red Setter Gold Dome target near the Telfer Gold Mine.
The strength of the British Pound versus the Australian dollar (1.0 GBP gives 2.07 Australian dollars) means that this fundraise equates to nearly A$3.1 million which pays for a lot of additional drilling and expands our exploration activities well into next year."
Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares on issue, to be admitted to trading on the AIM and AQSE markets ("Admission"). Dealings are expected to commence on or about 2 September 2025 and the issue is subject only to Admission.
CMC Markets UK Plc, trading as CMC CapX ("CMC Markets"), acted as the Company's sole placing agent in respect of the Placing.
Total Voting Rights
The Company's total issued and voting share capital upon Admission of the New Ordinary Shares will consist of 2,714,894,153 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.
END
For further information, please contact:
|
Wishbone Gold PLC |
|
|
Richard Poulden, Chairman |
Tel: +971 4 584 6284 |
|
|
|
|
Beaumont Cornish Limited |
|
|
(Nominated Adviser and AQUIS Exchange Corporate Adviser) |
|
|
Roland Cornish/Rosalind Hill Abrahams |
Tel: +44 20 7628 3396 |
Nominated Adviser Statement
Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in connection with this announcement and will not regard any other person as its client and will not be responsible to anyone else for providing the protections afforded to the clients of Beaumont Cornish or for providing advice in relation to such proposals. Beaumont Cornish has not authorised the contents of, or any part of, this document and no liability whatsoever is accepted by Beaumont Cornish for the accuracy of any information, or opinions contained in this document or for the omission of any information. Beaumont Cornish as nominated adviser to the Company owes certain responsibilities to the London Stock Exchange which are not owed to the Company, the Directors, Shareholders, or any other person.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 45 minutes ago Galliford Try
- 50 minutes ago Galliford Try
- 50 minutes ago Centrica
- 1 hour ago Smith & Nephew
- 1 hour ago Greencoat UK Wind