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Goldstone Resources Ltd - Ghana-focused gold explorer - Calls extraordinary general meeting for February 5 in London to approve several significant share issues. Goldstone raises £2.0 million from a subscription by an investor for 200.0 million new shares at 1 pence each. Goldstone does not name the subscriber and says each share comes with a warrant for one more new share at the same price, exercisable over the next two years. The new shares will represent 15.2% of the enlarged total. Around £1.4 million of the net proceeds will be used to accelerate Goldstone’s exploration programme at the Homase mine in Ghana. Goldstone also says that Asian Investment Management Services Ltd has agreed to accept new shares as settlement for £1.5 million of accrued interest under a gold loan agreement. For this, Goldstone will issue 144.9 million new shares at the subscription price, giving AIMS a 29.9% stake in the enlarged company. Goldstone also will issue 22.3 million new shares to directors to cover directors’ fees and 2.5 million to an adviser for its fees, all at the subscription price. Goldstone’s enlarged share total will be 1.32 billion. ‘The support shown through the subscription, together with the conversion of debt and fees into equity, demonstrates continued alignment with shareholders as we advance the company’s growth strategy,’ Chief Executive Officer Emma Priestley says. Current stock price: 0.80 pence, up 68% in London on Wednesday for £7.6 million market capitalisation 12-month change: down 38% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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