REG - Goldstone Resources - Suspension of Trading

Goldstone ResourcesAnnouncement

08/04/2020 15:10

RNS Number : 2614J
  
Goldstone Resources Ltd
  
08 April 2020
  
 

8 April 2020
 
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
 
Suspension of Trading
 
GoldStone Resources Limited (AIM: GRL) announces that, further to the announcement published by the London Stock Exchange at 1.30 p.m. today, the Company's ordinary shares of 1p each ("Ordinary Shares") were suspended from trading on AIM under AIM Rule 40 (the "Suspension").
 
The Company has requested the Suspension as a result of having just become aware that the Company has been dissolved by the Jersey Registrar of Companies (the "Registrar") with effect from 1 October 2019, due to certain annual filings to the Registrar having not been made and certain associated fees having not been paid.  The Company is investigating why such filings were not made and such fees were not paid, though the Board believes that it is a result of an administrative error.  In the meantime, the Board has taken and will take all requisite action for the Company to be reinstated by the Royal Court of Jersey (the "Royal Court") as soon as practicable.  It is expected that the Ordinary Shares will be suspended from trading on AIM until such time as the Company has been reinstated by the Royal Court, with such reinstatement to be with effect from the date of dissolution (i.e. 1 October 2019).
 
Notwithstanding the Suspension, further announcements will be made as and when there are any developments that require disclosure under the AIM Rules. 
 
The Board confirms that the Group's operational progress in Ghana is not expected to be impacted by the above and the development of the project as announced on 16 March 2020 continues.
 
Further updates will be provided in respect of the above as appropriate.
 
 
For further information, please contact:
 




GoldStone Resources Limited


 




Emma Priestley


Tel: +44 (0)7867 785 177 / +233 (0)55 581 8855




 


 




 Strand Hanson Limited


 




Richard Tulloch / James Bellman


Tel: +44 (0)20 7409 3494




 


 




 SI Capital Limited


 




Nick Emerson


Tel: +44 (0)1483 413 500




 


 




 St Brides Partners Ltd


 




Catherine Leftley / Juliet Earl


Tel: +44 (0)20 7236 1177




 
 
 
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
 


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