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Wishbone Gold PLC - Fundraise, Lifting of Suspension and TVR


Announcement provided by

Wishbone Gold Plc · WSBN

24/03/2025 09:30

Wishbone Gold PLC - Fundraise, Lifting of Suspension and TVR
RNS Number : 8669B
Wishbone Gold PLC
24 March 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

 

 

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24 March 2025

 

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & AQSE: WSBN

 

Fundraise of £700,000

Lifting of Suspension and Total Voting Rights

 

Wishbone Gold Plc is pleased to announce it has raised gross proceeds of £700,000 at a placing price of 0.1 pence per share ("Placing Price") through the issue of 700,000,000 new Ordinary Shares of 0.1 pence each (the "New Ordinary Shares"). Tavira Financial acted as broker to the placing and raised gross proceeds of £450,000; an additional £250,000 was placed directly with institutional shareholders of the Company (together the "Fundraise").

 

The proceeds of the Fundraise will provide sufficient working capital for the Company's present requirements as identified in the announcement of 19 March 2025. Accordingly, further to the Company's request, a lifting in the suspension and trading on the AIM and AQSE markets has resumed at 09.30 today.

 

Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AIM and AQSE markets ("Admission"). Dealings are expected to commence on or about 27 March 2025 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 1,248,740,307 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.

 

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

 

 

 


 

Tavira Financial Limited


 

(Broker)


 

Chris Kipling

Tel: +44 20 3833 3742

 



 

Soho Communications Ltd


 

(Financial PR)


 

George Hudson

Tel: +44 78 0360 3130

 



 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

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