REG - Goldstone Resources - Result of AGM

Goldstone ResourcesAnnouncement

29/04/2024 18:00

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RNS Number : 4841M  Goldstone Resources Ltd  29 April 2024

29 April 2024

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Result of AGM

 

 

GoldStone Resources Limited (AIM: GRL), the West African gold mine developer,
is pleased to announce that at the Company's Annual General Meeting held
earlier today, all resolutions were duly passed.

 

Following approval by the Company's shareholders of, inter alia, the
resolutions proposed at the AGM associated with the Subscription and Amendment
Agreement announced on 10 April 2024, the Company expects receipt of funds in
respect of the Subscription by 3 May 2024, subject to which it is expected
that the Subscription Shares, the Conversion Shares, the Fee Conversion
Shares, and the Adviser Fee Shares will be admitted to trading on AIM at 8:00
a.m. on or around 7 May 2024 ("Admission") and that the suspension of the
Company's Ordinary Shares from trading will be lifted on the same day.

 

Defined terms used in this announcement shall have the same meanings as in the
Company's announcement entitled "Conditional Fundraising, Gold Loan Standstill
Amendment, and Notice of Annual General Meeting" dated 10 April 2024 unless
otherwise defined herein.

 

 

For further information, please contact:

 

 GoldStone Resources Limited
 Emma Priestley                      Tel: +44 (0)1534 487 757

 Strand Hanson Limited
 James Dance / James Bellman         Tel: +44 (0)20 7409 3494

 S. P. Angel Corporate Finance LLP
 Ewan Leggat / Charlie Bouverat      Tel: +44 (0)20 3470 0501
                                     Tel: +44 (0)20 7236 1177

 St Brides Partners Ltd

 Susie Geliher

 

 

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted mining and development
company with projects in Ghana that range from grassroots exploration to
production.

 

The Company is focused on developing the Akrokeri-Homase project in
south-western Ghana, which hosts a JORC Code compliant 602,000oz gold resource
at an average grade of 1.77 g/t.  The existing resource is confined to a 4km
zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

 

The project hosts two former mines, the Akrokerri Ashanti Mine Ltd, which
produced 75,000 oz gold at 24 g/t recovered grade in the early 1900s, and the
Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,000 oz
gold at 2.5 g/t recovered.  Production is currently focussed on the Homase
Mine however it is the Company's intention to build a portfolio of
high-quality gold projects in Ghana, with a particular focus on the highly
prospective Ashanti Gold Belt.

 

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