Fundraise of £500,000 and Total Voting Rights
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 October 2026
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Fundraise of £500,000 and Total Voting Rights
Wishbone Gold Plc announces that it has raised gross proceeds of £500,000 in a placing arranged by CMC Markets UK Plc trading as CMC CapX at a placing price of 9 pence per share ("Placing Price") through the issue of 5,555,556 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary Shares").
The proceeds of the Fundraise will primarily be used to boost the Company's treasury in order to continue the drilling programme at its Red Setter gold-copper project through the remainder of this year. Red Setter is located 20km south-west of Greatland Resources Ltd (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd's (ASX: CYM) Nifty copper mine.
Richard Poulden, Wishbone Gold's Chairman, stated:
"Our recent announcement of wide zones of copper and gold at shallower depths is very significant for Red Setter and this fundraise ensures we are able to continue the drill programme this year. We, along with many other explorers in Western Australia, are finding the assay result turnaround time delays frustrating, however we have a vast backlog of core that is progressing through the system and we look forward to releasing more results as soon as they are available."
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 in respect of 5,555,556 New Ordinary Shares are expected to commence on or about 2 November 2026 and the issue is subject only to Admission.
Total Voting Rights ("TVR")
The Company's total issued and voting share capital upon Admission will consist of 43,527,771 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:
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Wishbone Gold PLC |
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Richard Poulden, Chairman |
Tel: +971 4 584 6284 |
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Beaumont Cornish Limited |
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(Nominated Adviser and AQUIS Exchange Corporate Adviser) |
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Roland Cornish/Rosalind Hill Abrahams |
Tel: +44 20 7628 3396 |
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Cranborne Communications Ltd |
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George Hudson |
Tel: +44 (0)7803 603130 |
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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.
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