6 weeks ago5 Nov 2013 10:56
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