REG - Wishbone Gold PLC - Top-up placing to move Mosquito Creek forward, TVR

Wishbone GoldAnnouncement

02/02/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240202:nRSB8442Ba&default-theme=true

RNS Number : 8442B  Wishbone Gold PLC  02 February 2024

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

 

 

 2 February 2024

 

Wishbone Gold Plc

("Wishbone" or the "Company")

 

Top-up placing to move Mosquito Creek forward

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce it has
raised £300,000 gross to one corporate investor at a price of 1.2 pence per
share and will be issuing a total of 25,000,000 new Ordinary Shares of 0.1
pence each (the "Ordinary Shares").

 

This small placing will provide additional working capital for the Company but
importantly will primarily be used to initiate exploration operations at the
new Mosquito Creek property in the Pilbara.

 

Richard Poulden, Wishbone Gold's Chairman, stated:

 

"When raising fresh equity the board is mindful of dilution especially when
share prices are depressed but has decided to do this micro-placing to secure
the exploration funds needed for the recently acquired and very exciting
Mosquito Creek gold and lithium project in Western Australia. The summer
season, which is both hot and wet, is coming to an end in the Pilbara and we
are preparing to mobilise our exploration teams back out into the field as the
weather starts to cool down. We see Mosquito Creek providing real value to
Wishbone Gold shareholders in 2024."

 

Application will be made for the 25,000,000 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 8 February 2024 and the issue is subject only to
Admission.

 

Total Voting Rights

 

The Company's total issued and voting share capital upon admission of the new
Ordinary Shares will consist of 302,740,307 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

 Soho Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 7803 603130

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEGZGGZNZDGDZG