Last checked at 18 Oct 2017 10:01
18 October 2017
Wishbone Gold Plc
("Wishbone Gold" or the "Company")
Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources
Update on Equity Sharing Agreement
On 18 August 2017, the Company announced (the "Announcement") that it had entered into an equity sharing agreement with by D-Beta One EQ Ltd (the "Equity Sharing Agreement"). The Equity Sharing Agreement was arranged by RiverFort Global Capital ("RiverFort").
Further to the Announcement, the Company can confirm that $36,723.30 was paid to the Company by D-Beta One EQ Ltd under the Equity Sharing Agreement as the first Monthly Payment. The first Monthly Payment has been allocated by D-Beta One EQ Ltd towards the outstanding balance of the Investment Agreement with YA II PN Ltd (as permitted under the Equity Sharing Agreement) as to $30,805.19 towards loan repayment and $5,917.81 towards interest on the loan.
Going forward, the Company intends to announce the results of their monthly payments in the second week of the month following the month in which the trading calculations are made. The Company is also in discussions with RiverFort regarding the allocation of future Monthly Payments.
For more information on Wishbone Gold please visit the Company's website www.wishbonegold.com.
(All defined terms are as used in the Announcement)
Enquiries:
Wishbone Gold Plc
Richard Poulden, CEO & Chairman Tel: +44 207 812 0645
Allenby Capital
Nick Naylor / Nick Harriss / James Thomas Tel: +44 20 3328 5656
Beaufort Securities Limited
Elliot Hance Tel: +44 20 7382 8300
Damson Communications
Abigail Stuart-Menteth / Amelia Hubert Tel: +44 207 812 0645