REG - Wishbone Gold PLC - Equity Raise

Wishbone GoldAnnouncement

01/08/2023 07:00

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RNS Number : 8775H  Wishbone Gold PLC  01 August 2023

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of MAR

 

 

 1(st) August 2023

 

Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

 

Equity Raise

 

 

Wishbone is pleased to announce it has raised £1.42m gross at a price of 2.4
pence per share and will be issuing a total of 59,059,997 new ordinary shares
of 0.1 pence each (the "Ordinary Shares"). This represents an oversubscription
of 42% against the initial target subscription of £1m.

 

The net proceeds will provide additional working capital for the Company but
will primarily be used to fund the exploration programs on Red Setter and
Cottesloe.

 

Richard Poulden, Wishbone Gold's Chairman, commented: "We are immensely
grateful for the support of existing shareholders and new investors in the
current challenging financial markets. We are looking forward to the next
round of exploration based on the new analysis of Red Setter and Cottesloe."

Application will be made for the 59,059,997 new Ordinary Shares, which will
rank pari passu with the existing Ordinary Shares in issue, to be admitted to
trading on AIM and the AQSE Growth Market ("Admission"). Dealings are expected
to commence on or about 7(th) August 2023 and the issue is subject only to
Admission.

The Company's total issued and voting share capital upon admission of the new
Ordinary Shares will consist of 257,972,865 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 (http://www.wishbonegold.com) .

END

 

For further information, please contact:

 Wishbone Gold PLC
 Richard Poulden, Chairman                                 Tel: +971 4 584 6284

 Beaumont Cornish Limited
 (Nominated Adviser and AQUIS Exchange Corporate Adviser)
 Roland Cornish/Rosalind Hill Abrahams                     Tel: +44 20 7628 3396

 SP Angel Corporate Finance LLP
 (Broker)
 Ewan Leggat / Kasia Brzozowska                            Tel: +44 20 3470 0470

 J&H Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 7803 603130

 

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