Suspension of Trading

RNS Number : 2614J

Goldstone Resources Ltd

08 April 2020

 

8 April 2020

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Suspension of Trading

GoldStone Resources Limited (AIM: GRL) announces that, further to the announcement published by the London Stock Exchange at 1.30 p.m. today, the Company's ordinary shares of 1p each ("Ordinary Shares") were suspended from trading on AIM under AIM Rule 40 (the "Suspension").

The Company has requested the Suspension as a result of having just become aware that the Company has been dissolved by the Jersey Registrar of Companies (the "Registrar") with effect from 1 October 2019, due to certain annual filings to the Registrar having not been made and certain associated fees having not been paid.  The Company is investigating why such filings were not made and such fees were not paid, though the Board believes that it is a result of an administrative error.  In the meantime, the Board has taken and will take all requisite action for the Company to be reinstated by the Royal Court of Jersey (the "Royal Court") as soon as practicable.  It is expected that the Ordinary Shares will be suspended from trading on AIM until such time as the Company has been reinstated by the Royal Court, with such reinstatement to be with effect from the date of dissolution (i.e. 1 October 2019).

Notwithstanding the Suspension, further announcements will be made as and when there are any developments that require disclosure under the AIM Rules.

The Board confirms that the Group's operational progress in Ghana is not expected to be impacted by the above and the development of the project as announced on 16 March 2020 continues.

Further updates will be provided in respect of the above as appropriate.

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]
St Brides Partners Ltd
Catherine Leftley / Juliet Earl	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.

 

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