RE: Tecks27 Aug 2025 14:23
WSBN, shares rebounding.
RNS just released:
"Wishbone Gold Plc announces that it has raised £1,500,000 (gross) at a placing price of 1.25 pence per share ("Placing Price") through the issue of 120,000,000 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary Shares").
Richard Poulden, Chairman, commented; "The proceeds of this fundraise will provide a significant boost to the Company's cash reserves and provide additional working capital to significantly expand the Company's drilling efforts at its key 100% owned Red Setter Gold Dome target near the Telfer Gold Mine.
The strength of the British Pound versus the Australian dollar (1.0 GBP gives 2.07 Australian dollars) means that this fundraise equates to nearly A$3.1 million which pays for a lot of additional drilling and expands our exploration activities well into next year."