Just to remind people1 Nov 2013 21:36
Enjoy...happy reading. Taken from the last RNS
GoldStone is continuing discussions with a number of interested parties for the monetisation of Homase/Akrokerri. The funds raised through the Placing will provide the Company with sufficient time to investigate all of the options to conclude a suitable commercial outcome. The intention of a monetisation of Homase/Akrokerri is to provide sufficient funds to advance the other projects significantly, particularly the Gabonese projects, thereby avoiding unnecessary dilution of shareholders' interests. Homase/Akrokerri, which is the Company's most advanced project, has a gold resource of 602,000 oz at a grade of 1.77 g/t.
Since 1 March 2013, in an endeavour to conserve funds, the Executive Directors and the operational management agreed to defer 50% of their remuneration. This will continue, regardless of the Placing, until a significant change in the Company's financial position has occurred. It was announced on 26 July 2013 that the Executive Directors and management were willing to convert 50% of their deferred remuneration (net of tax) up to the end of the close period in respect of the Company's final results into shares at 1p per share. Salaries deferred from September 2013 may, at the election of the Directors and management, be converted into shares subject to terms to be determined by the Remuneration Committee. The Remuneration Committee is in the process of completing the conversion of remuneration into shares. An announcement will be made as appropriate.