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Wishbone Gold Plc announced on 24 March 2025 a fundraise of £700,000 gross proceeds through the issue of 700,000,000 new Ordinary Shares at 0.1 pence per share, with Tavira Financial raising £450,000 and institutional shareholders contributing £250,000. Consequently, the Company's trading suspension on AIM and AQSE markets was lifted at 09:30 on 24 March 2025, and upon Admission expected on or about 27 March 2025, the total issued and voting share capital will be 1,248,740,307 Ordinary Shares.
| Date | 24 Mar 2025 |
| Time | 09:30:00 |
| Category | Capital structure |
| ID | 8669B |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR
24 March 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & AQSE: WSBN
Fundraise of £700,000
Lifting of Suspension and Total Voting Rights
Wishbone Gold Plc is pleased to announce it has raised gross proceeds of £700,000 at a placing price of 0.1 pence per share ("Placing Price") through the issue of 700,000,000 new Ordinary Shares of 0.1 pence each (the "New Ordinary Shares"). Tavira Financial acted as broker to the placing and raised gross proceeds of £450,000; an additional £250,000 was placed directly with institutional shareholders of the Company (together the "Fundraise").
The proceeds of the Fundraise will provide sufficient working capital for the Company's present requirements as identified in the announcement of 19 March 2025. Accordingly, further to the Company's request, a lifting in the suspension and trading on the AIM and AQSE markets has resumed at 09.30 today.
Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AIM and AQSE markets ("Admission"). Dealings are expected to commence on or about 27 March 2025 and the issue is subject only to Admission.
Total Voting Rights
The Company's total issued and voting share capital upon Admission of the New Ordinary Shares will consist of 1,248,740,307 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.
For more information on Wishbone, please visit the Company's website.
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For further information, please contact:
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Wishbone Gold PLC |
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Richard Poulden, Chairman |
Tel: +971 4 584 6284 |
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Beaumont Cornish Limited |
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(Nominated Adviser and AQUIS Exchange Corporate Adviser) |
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Roland Cornish/Rosalind Hill Abrahams |
Tel: +44 20 7628 3396 |
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Tavira Financial Limited |
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(Broker) |
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Chris Kipling |
Tel: +44 20 3833 3742 |
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Soho Communications Ltd |
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(Financial PR) |
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George Hudson |
Tel: +44 78 0360 3130 |
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Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.