Reinstatement and Restoration of Trading on AIM

RNS Number : 7112P

Goldstone Resources Ltd

11 June 2020

 

11 June 2020

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Confirmation of Reinstatement to the Jersey Register, Restoration of Trading on AIM

and Change of Registered Address

GoldStone Resources Limited (AIM: GRL) is pleased to advise that, further to the announcement of 8 April 2020, the Royal Court of Jersey (the "Royal Court") has declared the dissolution of the Company to be void and the Company has now been reinstated to the Jersey Register of Companies (the "Reinstatement").  The Company notes that the date of dissolution was, in fact, 31 October 2019 and not 1 October 2019 as previously announced.

As a result of the Reinstatement, trading in the Company's ordinary shares of 1p each on AIM is expected to recommence immediately.

The Company also advises that it has appointed Financial Consultants (Jersey) Limited as the Company's company secretary and that the Company's registered office has changed, with immediate effect, to Goldstone Resources Limited, c/o Financial Consultants (Jersey) Limited , 2nd Floor, International House, 41 The Parade, St Helier, Jersey, Channel Islands JE2 3QQ.

The Board has investigated the dissolution and concluded that the relevant filings were not made to the Jersey Registrar of Companies and the associated fees were not paid as a result of an administrative error.

Emma Priestley, CEO of GoldStone, commented: "We have satisfied all the requirements of the Jersey Registrar to effect reinstatement of the Company and accordingly trading in the Company's shares on AIM will recommence immediately.  We regret that this situation arose and would like to thank our shareholders for their patience during this time."

For further information, please contact :

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

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.

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development 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 Akrokeri 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 52,500 oz gold at 2.5 g/t recovered.  It is the Company's intention to bring its Akrokeri-Homase project into production in 2020.

 

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