Red Setter Gold Dome Drilling Program to be Expanded with £1.5 million raise
And Total Voting Rights update
Wishbone Gold Plc announces that it has raised £1,500,000 (gross) at a placing price of 1.25 pence per share (“Placing Price”) through the issue of 120,000,000 new Ordinary Shares of 0.1 pence par value each (the “New Ordinary Shares”).
Richard Poulden, Chairman, commented; “The proceeds of this fundraise will provide a significant boost to the Company’s cash reserves and provide additional working capital to significantly expand the Company’s drilling efforts at its key 100% owned Red Setter Gold Dome target near the Telfer Gold Mine.
The strength of the British Pound versus the Australian dollar (1.0 GBP gives 2.07 Australian dollars) means that this fundraise equates to nearly A$3.1 million which pays for a lot of additional drilling and expands our exploration activities well into next year.”
Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares on issue, to be admitted to trading on the AIM and AQSE markets (“Admission”). Dealings are expected to commence on or about 2 September 2025 and the issue is subject only to Admission.
CMC Markets UK Plc, trading as CMC CapX (“CMC Markets”), acted as the Company’s sole placing agent in respect of the Placing.
Total Voting Rights
The Company’s total issued and voting share capital upon Admission of the New Ordinary Shares will consist of 2,714,894,153 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
