REG - Goldstone Resources - Restoration of Trading

Goldstone ResourcesAnnouncement

29/06/2022 07:01

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RNS Number : 6007Q  Goldstone Resources Ltd  29 June 2022

29 June 2022

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Restoration of Trading

 

GoldStone Resources Limited (AIM: GRL), the emerging gold producer and
developer focussed on Ghana, is pleased to announce the lifting of the
temporary suspension and the restoration of trading in its ordinary shares on
the AIM market of the London Stock Exchange plc.

 

On 10 June 2022, GoldStone's ordinary shares were temporarily suspended from
trading on AIM pending an announcement.

 

The Board can now confirm that an armed robbery took place at its Homase site,
which, whilst no-one was hurt, resulted in a loss of gold with a value of
approximately US$350k. Whilst this loss is not expected to have a material
impact on the financial performance of the business, the Company was not in a
position to make an announcement that was compliant with the AIM Rules, which
led to a suspension in the trading of its ordinary shares on AIM whilst an
investigation was launched by the authorities in Ghana.

 

The investigation into the robbery is ongoing and, concurrently, GoldStone is
reviewing its security protocols. A new security company has been appointed
and additional security measures are being implemented on an urgent basis to
enhance protection for the Company's operations, assets and personnel moving
forward. These issues are causing some short-term disruption to operations,
which are expected to continue into Q3 2022, but the Company expects to
maintain regular production of gold doré throughout Q3 and Q4 2022.

 

The suspension of the Company's ordinary shares from trading on AIM will be
lifted with effect from 7.30 a.m. today and, accordingly, trading in the
ordinary shares on AIM will be restored at 8.00 a.m. today.

 

 

For further information, please contact:

 

 GoldStone Resources Limited
 Bill Trew / 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 Limited          Tel: +44 (0) 20 7236 1177

 Susie Geliher / Catherine Leftley

 

 

 

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.

 

 

 

 

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