Goldstone Resources Ltd Directorate Change, Share Issue and PDMR dealing (6500H)
August 02 2019 - 2:01AM
UK Regulatory
TIDMGRL
RNS Number : 6500H
Goldstone Resources Ltd
02 August 2019
2 August 2019
GOLDSTONE RESOURCES LIMITED
("GoldStone" or the "Company")
Directorate Change, Issue of Shares and PDMR dealing
GoldStone Resources Limited (AIM: GRL) announces that Richard
Lloyd, a Non-executive Director of the Company, has resigned as a
director with immediate effect to focus on his other business
ventures. The Board would like to thank Mr Lloyd for his valued
contribution and guidance, and we wish him every success in the
future.
The Board is seeking to appointment another independent
Non-executive Director with experience applicable to the direction
of the Company and a further announcement will be made in due
course.
Further to the announcement of 28 December 2018 regarding the
accrual of a proportion of the Company's directors' fees, the Board
has agreed to settle accrued and deferred fees of, in aggergate,
GBP5,750 owed to Mr Lloyd through the issue of 342,262 ordinary
shares of 1 pence each in the capital of the Company ("Ordianry
Shares"), based on a share price of 1.68p, being the mid market
closing price of Goldstone's Ordinary Shares on 1 August 2019,
being the latest practible date prior to this announcement.
Total voting rights
Application will be made for the Ordinary Shares to be admitted
to trading on AIM ("Admission") and it is expected that Admission
will occur on or around 8 August 2019.
Upon Admission, the Company's issued share capital will consist
of 250,050,253 Ordinary Shares with one voting right each. The
Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of Ordinary Shares and voting rights in the
Company will be 250,050,253. With effect from Admission, this
figure may be used by shareholders in the Company 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, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Following Admisison, Mr Lloyd will be interested in 1,473,038
Ordinary Shares representing 0.6% of the Company then enlarged
share capital.
For further information, please contact:
GoldStone Resources Limited
Emma Priestley Tel: +44 (0)20 7236 1177
Strand Hanson Limited
Richard Tulloch / James Tel: +44 (0)20 7409 3494
Bellman
SI Capital Limited
Nick Emerson Tel: +44 (0)1483 413 500
St Brides Partners Ltd
Susie Geliher / Juliet Tel: +44 (0)20 7236 1177
Earl
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
PDMR Notification Forms
The notifications below are made in accordance with the
requirements of MAR.
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Richard Lloyd
-------------------------------- ------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- ------------------------------------
b) Initial notification/amendment Initial Notification
-------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name GoldStone Resources Limited
-------------------------------- ------------------------------------
b) LEI 213800B7ATYRPQUTS551
-------------------------------- ------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv)each place where transactions have
been conducted
----------------------------------------------------------------------
a) Description of the Financial Ordinary shares of 1 penny each
instrument, type of instrument
-------------------------------- ------------------------------------
Identification code JE00BRJ8YF63
-------------------------------- ------------------------------------
b) Nature of the Transaction Issue of ordinary shares in resepct
of accrued and deferred salary
-------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.68 342,262
----------
-------------------------------- ------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- ------------------------------------
e) Date of the transaction 1 August 2019
-------------------------------- ------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
-------------------------------- ------------------------------------
- ENDS-
About GoldStone Resources Limited
GoldStone Resources Limited (AIM: GRL) is an AIM quoted
exploration company with projects in Ghana and Senegal that range
from grassroots to advanced exploration.
The Company is focused on developing the Akrokeri- Homase
project in south-western Ghana, which hosts a JORC Code compliant
602,000 oz gold resource at an average grade of 1.77 g/t. The
existing resource is confined to a 4km zone of the Homase Trend,
including Homase North, Homase Pit and Homase South.
The project hosts two former mines, the Akrokerri Ashanti Mine
Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the
early 1900s, and the Homase Pit which AngloGold Ashanti developed
in 2002/03 producing 52,000 oz gold at 2.5 g/t recovered. It is the
Company's intention to build a portfolio of high-quality gold
projects in Ghana, with a particular focus on the highly
prospective Ashanti Gold Belt.
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 or visit www.rns.com.
END
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