Result of AGM

RNS Number : 1733H

Wishbone Gold PLC

15 August 2016

Wishbone Gold Plc

Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources

Wishbone Gold PLC ("Wishbone Gold" or the "Company")

Results of AGM

Wishbone Gold PLC held its Annual General Meeting on 11^th August 2016 and the following resolutions were passed:

Accounts

The annual accounts for the year ended 31 December 2015 incorporating the Directors' Report were reviewed and approved.

Directors

Richard Poulden and George Cardona were both re-elected as directors of the Company.

Auditors

Benady Cohen Limited were re-appointed as auditors to the Company for a further year.

There were no votes against any of the resolutions

Immediately following the AGM, Wishbone Gold PLC held an Extraordinary General Meeting and the following resolutions were passed:

Share capital

The meeting approved an increase in the Company's authorised share capital from GBP£1,000,000 subdivided into 1,000,000,000 shares of £0.001 each to GBP£3,000,000 subdivided into 3,000,000,000 shares of £0.001.

Allotment

The meeting extended the authority given to the directors of shares already, to enable them unconditionally to exercise all powers of the Company to allot securities of the Company up to a maximum aggregate of 2,999,999,993, provided that this authority will expire on the date being five years from the date on which this resolution is passed.

Articles of Association

The meeting approved an amendment to the Articles of Association to clarify its ability to post notices to shareholders on its website.

There were no votes against any of the resolutions.

Richard Poulden, Chairman and CEO of Wishbone, commented:

"We will issue a full trading update when we issue our half year results but I can say that we are extremely pleased with the progress made in the few weeks since we raised our debt funding. I have also noted comments that we are about to issue all of the increased share capital. I would like to clarify that this is not the case and it is perfectly normal for companies to have issuable shares held in reserve"