REG - Wishbone Gold PLC - Institutional Fundraise of £1.1 million and TVR

Wishbone GoldAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260422:nRSV4634Ba&default-theme=true

RNS Number : 4634B  Wishbone Gold PLC  22 April 2026

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

 

 

22 April 2026

 

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

 

Institutional Fundraise of £1.1 million and Total Voting Rights

 

Wishbone Gold Plc is pleased to announce it has raised gross proceeds of
£1,100,000 in an institutional placing facilitated and arranged by Marex
Financial at a placing price of 26.35 pence per share ("Placing Price")
through the issue of 4,174,573 new Ordinary Shares of 0.1 pence par value each
(the "New Ordinary Shares").

 

In addition, warrants have been issued to subscribers on the basis of one
warrant for every two shares subscribed in the issue with a strike price of
40p per share, this being 50% above the placing price. These are exercisable
within the period of two and a half years from the date of the placing.

 

Richard Poulden, Wishbone Gold's Chairman, stated:

 

"We were approached by an institutional investor through Marex who expressed a
serious interest in our Western Australia projects. Red Setter is located only
20km from Greatland Resources' Telfer gold mine which is drilling more meters
in 2026 than in Telfer's history. We have further tenement packages in that
region which we have yet to explore. In addition, the analysis of the Silver
Lake project which we recently announced we had signed an option to acquire is
looking extremely promising. This fundraise will also cover the initial
development of this prospect. Overall we are very excited for the coming year
given our expanded drill programme at Red Setter and the prospects at Silver
Lake."

 

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 in respect of 4,174,573 New
Ordinary Shares are expected to commence on or about 29 April 2026 and the
issue is subject only to Admission.

 

Total Voting Rights ("TVR")

 

The Company's total issued and voting share capital upon Admission will
consist of 34,400,438 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

 Cranborne Communications Ltd
 George Hudson                                             Tel: +44 (0)7803 603130

 

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.

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  TVRFIFLESVIFFIR



            Copyright 2019 Regulatory News Service, all rights reserved