Fundraise of £700,000
Lifting of Suspension and Total Voting Rights
Wishbone Gold Plc is pleased to announce it has raised gross proceeds of £700,000 at a placing price of 0.1 pence per share (“Placing Price”) through the issue of 700,000,000 new Ordinary Shares of 0.1 pence each (the “New Ordinary Shares”). Tavira Financial acted as broker to the placing and raised gross proceeds of £450,000; an additional £250,000 was placed directly with institutional shareholders of the Company (together the “Fundraise”).
The proceeds of the Fundraise will provide sufficient working capital for the Company’s present requirements as identified in the announcement of 19 March 2025. Accordingly, further to the Company’s request, a lifting in the suspension and trading on the AIM and AQSE markets has resumed at 09.30 today.
Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AIM and AQSE markets (“Admission”). Dealings are expected to commence on or about 27 March 2025 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 1,248,740,307 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.
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For further information, please contact:
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Wishbone Gold PLC |
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Richard Poulden, Chairman |
Tel: +971 4 584 6284 |
