17 Oct 2017 18:18
17 October 2017
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Director/PDMR Notification
GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that Bill Trew, Non-Executive Chairman of the Company, has today purchased 2,000,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 1.6 pence per Ordinary Share.
Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.17% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 74,352,377 Ordinary Shares, representing 29.78% of the Company's currently issued share capital.
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 | 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) |
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d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 17 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Goldstone Resources (GRL)