Placing done in June27 Aug 2025 12:31
1 June 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Fundraise of £1.75 million and Total Voting Rights
Wishbone Gold Plc is pleased to announce it has raised gross proceeds of £1,750,000 at a placing price of 0.13 pence per share ("Placing Price") through the issue of 1,346,153,846 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary Shares"). Global Investment Strategy UK Limited acted as broker to the placing and raised gross proceeds of £850,000; an additional £600,000 was placed directly with institutional and other shareholders of the Company and £300,000 has agreed to be subscribed by Group Directors ("Related Party Transaction") immediately following the publication of the Company's December 2024 Accounts which are expected shortly (together the "Fundraise").
The proceeds of the Fundraise will provide additional working capital towards its gold exploration activities in Australia, spearheaded by the Company's plans to drill the deeper holes into the Red Setter Gold Dome target, as previously announced. This additional funding will provide the extra capital to continue drilling at Red Setter should the main gold targets be identified.
Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares on issue, to be admitted to trading on the AIM and AQSE markets ("Admission"). Dealings in respect of 1,115,384,616 New Ordinary Shares are expected to commence on or about 17 June 2025 and the issue is subject only to Admission. The dealing date and PDMR dealing forms in respect of 230,769,230 New Ordinary Shares in respect of the Related Party Transaction will be subject to a further announcement in due course.
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