Wishbone Gold PLC Equity Raise (8775H)
August 01 2023 - 2:00AM
UK Regulatory
TIDMWSBN
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 GBP1.42m 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 GBP1m.
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 .
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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END
IOEEASPFELNDEEA
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August 01, 2023 02:00 ET (06:00 GMT)
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