Last checked at 10 Oct 2017 07:00
10 October 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Directors' Dealings and Holdings Update
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that Emma Priestley, Chief Executive Officer of the Company, has today sold 2,000,000 ordinary shares of 1 penny each ("Ordinary Shares") to Bill Trew, Non-Executive Chairman of the Company, at a price of 1.6 pence (the "Share Transfer").
The Company also wishes to notify corrections to previous shareholdings announced in respect of Emma Priestley and Richard Lloyd, which were understated by 23,655 and 5,677 Ordinary Shares respectively. The corrected existing holdings for both Directors are as set out in the table below. For the avoidance of doubt, the number of new Ordinary Shares issued to the aforementioned, as set out in the Company's announcements of 6 September 2017 and 3 October 2017, remain correct and the total number of Ordinary Shares in issue is unaffected.
Post the Share Transfer, the Directors' holdings will be as follows:
Existing Holding | Share Transfer | Resultant Holding | Resultant Percentage Holding | |
Bill Trew* | 0 | 2,000,000 | 2,000,000 | 0.80% |
Emma Priestley | 4,711,546 | 2,711,546 | 1.08% | |
Richard Lloyd | 1,130,776 | 1,130,776 | 0.45% |
* Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.26% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 72,352,377 Ordinary Shares, representing 28.97% of the Company's currently issued share capital.
There is no change to the total number of shares held by the Board of Directors post this transaction.
For further information, please contact:
GoldStone Resources Limited |
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Emma Priestley / Bill Trew | Tel: +44 (0)20 7830 9650 |
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Strand Hanson Limited |
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Richard Tulloch / James Bellman | Tel: +44 (0)20 7409 3494 |
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SI Capital Limited |
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Nick Emerson | Tel: +44 (0)1483 413 500 |
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.
The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold. It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.
PDMR Notifications
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Emma Priestley | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Goldstone Resources Limited | ||||
b) | LEI | 213800B7ATYRPQUTS551 | ||||
4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited | ||||
Identification code | JE00BRJ8YF63 | |||||
b) | Nature of the Transaction | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 09 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | William Trew | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director of the Company | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Goldstone Resources Limited | ||||
b) | LEI | 213800B7ATYRPQUTS551 | ||||
4. | Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited | ||||
Identification code | JE00BRJ8YF63 | |||||
b) | Nature of the Transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 09 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||