IN BRIEF: Wishbone exercises option to buy Silver Lake project

Wishbone Gold PLC - miner with projects in Western Australia - Wishbone exercises deal to acquire the Silver Lake project in Western Australia. Wishbone issues 3.6 million shares at a price of 29 pence each as part of the deal, totalling GBP1.0 million worth. "We believe Silver Lake has the potential to be a high value opportunity which complements our exploration work at Red Setter and gives us an exciting project that we can work all year round. Silver Lake broadens the company's commodity exposure in the precious metals and strengthens its exploration pipeline," Chair Richard Poulden says.

Current stock price: 28.96 pence

12-month change: up 87%

By Eric Cunha, Alliance News news editor

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