Update re Subscription and Debt Conversion

Goldstone Resources Ltd

29 October 2024

 

29 October 2024

GOLDSTONE RESOURCES LIMITED

("Goldstone" or the "Company")

Update re Subscription and Debt Conversion

Goldstone Resources Limited (AIM: GRL) announces that, further to the Company's announcement of 24 October 2024, it is expected that Admission will now become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 31 October 2024.

Defined terms used in this announcement shall have the same meanings as in the Company's announcement entitled "Conditional Subscription of £175,000 and Debt Conversion of US$300,000" dated 24 October 2024 unless otherwise defined herein.

For further information, please contact:  

GoldStone Resources Limited
Emma Priestley	Tel: [phone]
Strand Hanson Limited
James Dance / James Bellman	Tel: [phone]
S. P. Angel Corporate Finance LLP
Ewan Leggat / Charlie Bouverat	Tel: [phone]
St Brides Partners Ltd Susie Geliher	Tel: [phone]

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted mining and development company with projects in Ghana that range from grassroots exploration to production.

The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000oz 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 Akrokerri 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 52,000 oz gold at 2.5 g/t recovered. Production is currently focussed on the Homase Mine however 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.

 

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