REG - Goldstone Resources - Update on 2022 Annual Report and Accounts

Goldstone ResourcesAnnouncement

27/06/2023 17:30

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RNS Number : 1029E  Goldstone Resources Ltd  27 June 2023

27 June 2023

 

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

 

Update on 2022 Annual Report and Financial Statements

 

GoldStone Resources Limited (AIM: GRL) provides the following update in
relation to its audited Annual Report and Financial Statements for its
financial year ended 31 December 2022 (the "2022 Annual Report and Accounts").

 

The Company notifies that it will not be in a position to publish the 2022
Annual Report and Accounts by 30 June 2023, as required by Rule 19 of the AIM
Rules for Companies (the "AIM Rules"). The reason for the delay is the
Company's existing auditor, DSG Chartered Accountants ("DSG"), is no longer in
a position to provide the audit opinion for a gold mining company that is now
in production and quoted on AIM. This is as a result of a strategic decision
by DSG not to undertake any listed (or any other public interest entities)
work going forwards and, accordingly, DSG tendered their resignation in May
2023.

 

The Company has now engaged a new auditor, Moore Stephens Audit &
Assurance (Jersey) Limited ("Moore Stephens"), to audit the 2022 Annual Report
and Accounts. Moore Stephens are currently working with DSG to finalise the
audit and the 2022 Annual Report and Accounts, however, they have confirmed to
the Company that they will require additional time to complete the audit
process. The Company's previous auditor is working cooperatively with Moore
Stephens to expedite this process and the Directors are not aware of any
material issues with the underlying accounts that would prevent the completion
of the audit in the coming weeks. Accordingly, the Company is targeting the
publication of the 2022 Annual Report and Accounts as soon as Moore Stephens
completes its audit procedures, which is expected to occur during July 2023.

 

Accordingly, in light of the fact that the Company's audited accounts will not
be published on or before 30 June 2023, the Company's ordinary shares will be
suspended from trading on AIM with effect from 7:30 a.m. on Monday 3 July
2023. The temporary suspension from trading on AIM will be lifted once the
2022 Annual Report and Accounts have been published.

 

Notwithstanding the temporary suspension of trading in the Company's ordinary
shares on 3 July 2023, the Company will continue to make announcements as and
when there are any developments that require announcement in accordance with
its obligations under the AIM Rules.

 

 

**ENDS**

 

 

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 Ltd             Tel: +44 (0)20 7236 1177

 Susie Geliher / Max Bennett

 

 

This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014, which 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.

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