Director/PDMR Shareholding

RNS Number : 1293T

Goldstone Resources Ltd

10 October 2017

 

10 October 2017

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Directors' Dealings and Holdings Update

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that Emma Priestley, Chief Executive Officer of the Company, has today sold 2,000,000 ordinary shares of 1 penny each ("Ordinary Shares") to Bill Trew, Non-Executive Chairman of the Company, at a price of 1.6 pence (the "Share Transfer").

The Company also wishes to notify corrections to previous shareholdings announced in respect of Emma Priestley and Richard Lloyd, which were understated by 23,655 and 5,677 Ordinary Shares respectively. The corrected existing holdings for both Directors are as set out in the table below. For the avoidance of doubt, the number of new Ordinary Shares issued to the aforementioned, as set out in the Company's announcements of 6 September 2017 and 3 October 2017, remain correct and the total number of Ordinary Shares in issue is unaffected.

Post the Share Transfer, the Directors' holdings will be as follows:

	Existing Holding	Share Transfer	Resultant Holding	Resultant Percentage Holding
Bill Trew*	0	2,000,000	2,000,000	0.80%
Emma Priestley	4,711,546		2,711,546	1.08%
Richard Lloyd	1,130,776		1,130,776	0.45%

* Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.26% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 72,352,377 Ordinary Shares, representing 28.97% of the Company's currently issued share capital.

There is no change to the total number of shares held by the Board of Directors post this transaction.

For further information, please contact:

GoldStone Resources Limited
Emma Priestley / Bill Trew	Tel: [phone]
Strand Hanson Limited
Richard Tulloch / James Bellman	Tel: [phone]
SI Capital Limited
Nick Emerson	Tel: [phone]

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold.  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.

PDMR Notifications

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Emma Priestley
2.	Reason for the Notification
a)	Position/status	Director of the Company
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 instrument, type of instrument	Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited
	Identification code	JE00BRJ8YF63
b)	Nature of the Transaction	Sale of  Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.016 2,000,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	09 October 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Trew
2.	Reason for the Notification
a)	Position/status	Director of the Company
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 instrument, type of instrument	Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited
	Identification code	JE00BRJ8YF63
b)	Nature of the Transaction	Purchase of  Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.016 2,000,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	09 October 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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