REG - Goldstone Resources - Issue of Options

Goldstone ResourcesAnnouncement

19/02/2026 07:00

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RNS Number : 6527T  Goldstone Resources Ltd  19 February 2026

19 February 2026

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Issue of Options

 

GoldStone Resources Limited (AIM:GRL) announces an issuance of options over
ordinary shares in the Company ("Options") to directors and a senior manager
of the Company.

 

The award of the Options represents the first issuance of share options by the
Company since August 2024, and the Board believes that it is essential for the
Company's directors and senior managers to be suitably incentivised to drive
the business forwards and to further align their interests with those of the
Company's shareholders.

 

Of the 56,000,000 share options that were awarded on 1 August 2024,  a total
of 28,000,000 Options were granted, with an exercise price of £0.02 per
ordinary share.  The remainder for Tranche 2 and Tranche 3 have been
cancelled, which amounted to 28,000,000 share options.

 

The new share Options, which vest on issue and have a 5-year term, are
exercisable at varying premiums to the latest closing mid-market price of the
Company's ordinary shares and are allotted in two equal tranches as follows:

 

                               Exercise Price
 Director / Senior Manager     1.25 pence  1.5 pence
 Campbell Smyth                12,000,000  12,000,000
 Emma Priestley                20,000,000  20,000,000
 Orrie Fenn                    7,000,000   6,000,000
 Michael Jones                 6,000,000   6,000,000
 Richard (Kofi) Amegashie      6,000,000   6,000,000
 John Culter (Senior Manager)  6,000,000   6,000,000

 

 

 

For further information, please contact:

 

 GoldStone Resources Limited
 Emma Priestley                      Tel: +44 (0)1534 487 757

 Strand Hanson Limited
 James Dance / James Bellman         Tel: +44 (0)20 7409 3494

 S. P. Angel Corporate Finance LLP
 Ewan Leggat / Charlie Bouverat      Tel: +44 (0)20 3470 0501

 St Brides Partners Ltd

 Ana Ribeiro                         Tel: +44 (0)20 7236 1177

                                     goldstone@stbridespartners.co.uk

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

About GoldStone Resources Limited

 

GoldStone Resources Limited (AIM: GRL) is an AIM quoted mining and development
company with projects in Ghana that range from grassroots exploration to
production.

 

The Company is focused on developing the Akrokeri-Homase project in
south-western Ghana, which hosts a JORC Code compliant 602,000oz gold resource
at an average grade of 1.77 g/t.  The existing resource is confined to a 4km
zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

 

The project hosts two former mines, the Akrokerri Ashanti Mine Ltd, which
produced 75,000 oz gold at 24 g/t recovered grade in the early 1900s, and the
Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,000 oz
gold at 2.5 g/t recovered.  Production is currently focussed on the Homase
Mine however it is the Company's intention to build a portfolio of
high-quality gold projects, with a particular focus on the highly prospective
Birimian Gold Belt.

 

 

 

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         a) Campbell Smyth

                                                                  b) Emma Priestley

                                                                  c) Richard (Kofi) Amegashie

                                                                  d) Michael Jones

                                                                  e) Richard (Kofi) Amegashie

                                                                  f) John Culter (Senior Manager)
 e   Reason for notification
 a.  Position/Status                                              a) Non-Executive Director (Chair)

                                                                  b) Director (CEO)

                                                                  c) Non-executive Director

                                                                  d) Non-executive Director

                                                                  e) Non-executive Director

                                                                  f) Senior manager
 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 (e) 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  Options over Ordinary shares of 1p each

Identification Code

                                                                  JE00BRJ8YF63
 b.  Nature of the transaction                                    Grant of Share Options
 c.  Price(s) and volume(s)

                              Exercise Price
                                                                  Director / Senior Manager     1.25 pence  1.5 pence
                                                                  Campbell Smyth                12,000,000  12,000,000
                                                                  Emma Priestley                20,000,000  20,000,000
                                                                  Orrie Fenn                    7,000,000   6,000,000
                                                                  Michael Jones                 6,000,000   6,000,000
                                                                  Richard (Kofi) Amegashie      6,000,000   6,000,000
                                                                  John Culter (Senior Manager)  6,000,000   6,000,000
 d.  Aggregated information

     -  Volume*

     -  Price                                                     113,000,000

                                                                  As above

 e.  Date of the transaction                                      18 February 2026
 f.  Place of the transaction                                     Off-exchange

d.

Aggregated information

-  Volume*

-  Price

 

 

113,000,000

As above

 

e.

Date of the transaction

18 February 2026

f.

Place of the transaction

Off-exchange

 

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