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LONDON (Alliance News) - Wishbone Gold PLC on Wednesday said it is in talks to secure debt funding as it responded to a rise in its share price.
Wishbone shares were up 20% to 0.53 pence on Wednesday afternoon, one of the best performers in the AIM All-Share.
The company noted the move in its share price and said it is in talks with parties in the UK and Middle East to secure GBP2.0 million in debt funding to back work on its gold, precious metals and gem trading operations.
The talks are advancing, Wishbone said, but there is no guarantee a debt funding deal will get done.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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