REG - Wishbone Gold PLC - Red Setter to be Expanded with £1.5m raise TVR

Wishbone GoldAnnouncement

27/08/2025 14:00

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RNS Number : 9124W  Wishbone Gold PLC  27 August 2025

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

 

 

27 August 2025

 

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

 

Red Setter Gold Dome Drilling Program to be Expanded with £1.5 million raise

 And Total Voting Rights update

 

Wishbone Gold Plc announces that it has raised £1,500,000 (gross) at a
placing price of 1.25 pence per share ("Placing Price") through the issue of
120,000,000 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary
Shares").

 

Richard Poulden, Chairman, commented; "The proceeds of this fundraise will
provide a significant boost to the Company's cash reserves and provide
additional working capital to significantly expand the Company's drilling
efforts at its key 100% owned Red Setter Gold Dome target near the Telfer Gold
Mine.

 

The strength of the British Pound versus the Australian dollar (1.0 GBP gives
2.07 Australian dollars) means that this fundraise equates to nearly A$3.1
million which pays for a lot of additional drilling and expands our
exploration activities well into next year."

 

Application is being made for the New Ordinary Shares, which will rank pari
passu with the existing Ordinary Shares on issue, to be admitted to trading on
the AIM and AQSE markets ("Admission"). Dealings are expected to commence on
or about 2 September 2025 and the issue is subject only to Admission.

 

CMC Markets UK Plc, trading as CMC CapX ("CMC Markets"), acted as the
Company's sole placing agent in respect of the Placing.

 

Total Voting Rights

 

The Company's total issued and voting share capital upon Admission of the New
Ordinary Shares will consist of 2,714,894,153 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

 

Nominated Adviser Statement

 

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority, is acting
as nominated adviser to the Company in connection with this announcement and
will not regard any other person as its client and will not be responsible to
anyone else for providing the protections afforded to the clients of Beaumont
Cornish or for providing advice in relation to such proposals. Beaumont
Cornish has not authorised the contents of, or any part of, this document and
no liability whatsoever is accepted by Beaumont Cornish for the accuracy of
any information, or opinions contained in this document or for the omission of
any information. Beaumont Cornish as nominated adviser to the Company owes
certain responsibilities to the London Stock Exchange which are not owed to
the Company, the Directors, Shareholders, or any other person.

 

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