Goldstone Resources Regulatory News (GRL)

GOLDSTONE RESOURCES LIMITED

RESULT OF ANNUAL AND EXTRAORDINARY GENERAL MEETINGS, SUBSCRIPTION AND DIRECTORATE CHANGES

GoldStone is pleased to announce that the resolutions proposed at the annual general meeting and the extraordinary general meeting, which were both held today, were duly passed.

At the EGM the resolution to approve the waiver of obligations on Stratex under Rule 9 of the City Code in connection with Stratex's proposed subscription of £1.25 million was approved on a poll of Independent Shareholders.

Following the Share Consolidation and the Subscription, there will be 62,286,363 New Ordinary Share in issue. The New Ordinary Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 31 October 2014. The ISIN of the New Ordinary Shares is JE00BRJ8YF63.

On Admission, Stratex will hold 20,833,333 New Ordinary Shares, representing 33.45% of the voting rights of the Company, together with warrants to subscribe for a further 20,833,333 New Ordinary Shares at 7p per share. If Stratex exercises the Warrants, which will be exerciseable immediately on Admission and for a period of 18 months thereafter, in full and assuming no other issues of New Ordinary Shares, Stratex would hold 41,666,666 New Ordinary Shares, representing 50.1% of the voting rights of the Company.

As set out in the announcement of 14 October 2014, with effect from Admission each of Jonathan Best, Dr. Hendrik Schloemann and Benjamin Hill will resign from the Board and Christopher Hall, Bob Foster and Emma Priestley will be appointed to the Board. Further information on the Proposed Directors is set out in the Appendix to this announcement.

Definitions used in this announcement have the same meaning as in the announcement issued on 14 October 2014.

Enquiries

Appendix

Further information on the Proposed Directors:

Christopher Raymond John Hall (aged 65)

List of Directorships and Partnerships:

Mr. Hall was appointed director of "It's The Way Limited" on 18 April 2005 and resigned on 15 February 2006. On 30 June 2006 a liquidator was appointed by It's The Way Limited's creditors for the purposes of a voluntary winding up. It's The Way Limited was dissolved on 9 August 2007.

Robert Peter Foster (aged 65)

List of Directorships and Partnerships:

Emma Kinder Priestley (aged 41) 

List of Directorships and Partnerships:

None of the Proposed Directors has a shareholding in GoldStone.

The Proposed Directors have confirmed that there are no other disclosures required by Schedule 2(g) of the AIM Rules for Companies.