Last checked at 2 Feb 2024 07:07
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR
2 February 2024
Wishbone Gold Plc
("Wishbone" or the "Company")
Top-up placing to move Mosquito Creek forward
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce it has raised £300,000 gross to one corporate investor at a price of 1.2 pence per share and will be issuing a total of 25,000,000 new Ordinary Shares of 0.1 pence each (the "Ordinary Shares").
This small placing will provide additional working capital for the Company but importantly will primarily be used to initiate exploration operations at the new Mosquito Creek property in the Pilbara.
Richard Poulden, Wishbone Gold's Chairman, stated:
"When raising fresh equity the board is mindful of dilution especially when share prices are depressed but has decided to do this micro-placing to secure the exploration funds needed for the recently acquired and very exciting Mosquito Creek gold and lithium project in Western Australia. The summer season, which is both hot and wet, is coming to an end in the Pilbara and we are preparing to mobilise our exploration teams back out into the field as the weather starts to cool down. We see Mosquito Creek providing real value to Wishbone Gold shareholders in 2024."
Application will be made for the 25,000,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and the AQSE Growth Market ("Admission"). Dealings are expected to commence on or about 8 February 2024 and the issue is subject only to Admission.
Total Voting Rights
The Company's total issued and voting share capital upon admission of the new Ordinary Shares will consist of 302,740,307 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.
For more information on Wishbone, please visit the Company's website. www.wishbonegold.com.
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For further information, please contact:
Wishbone Gold PLC | |
Richard Poulden, Chairman | Tel: +971 4 584 6284 |
Beaumont Cornish Limited | |
(Nominated Adviser and AQUIS Exchange Corporate Adviser) | |
Roland Cornish/Rosalind Hill Abrahams | Tel: +44 20 7628 3396 |
SP Angel Corporate Finance LLP | |
(Broker) | |
Ewan Leggat / Kasia Brzozowska | Tel: +44 20 3470 0470 |
Soho Communications Ltd | |
(Financial PR) | |
George Hudson | Tel: +44 7803 603130 |