Result Of AGM & EGM, Subscription And Directorate

GOLDSTONE RESOURCES LIMITED

 

RESULT OF ANNUAL AND EXTRAORDINARY GENERAL MEETINGS, SUBSCRIPTION AND DIRECTORATE CHANGES

 

 

GoldStone is pleased to announce that the resolutions proposed at the annual general meeting and the extraordinary general meeting, which were both held today, were duly passed.

 

At the EGM the resolution to approve the waiver of obligations on Stratex under Rule 9 of the City Code in connection with Stratex's proposed subscription of £1.25 million was approved on a poll of Independent Shareholders.

 

Following the Share Consolidation and the Subscription, there will be 62,286,363 New Ordinary Share in issue.  The New Ordinary Shares are expected to be admitted to trading on AIM at 8.00 a.m. on 31 October 2014.  The ISIN of the New Ordinary Shares is JE00BRJ8YF63.

 

On Admission, Stratex will hold 20,833,333 New Ordinary Shares, representing 33.45% of the voting rights of the Company, together with warrants to subscribe for a further 20,833,333 New Ordinary Shares at 7p per share.  If Stratex exercises the Warrants, which will be exerciseable immediately on Admission and for a period of 18 months thereafter, in full and assuming no other issues of New Ordinary Shares, Stratex would hold 41,666,666 New Ordinary Shares, representing 50.1% of the voting rights of the Company.

 

As set out in the announcement of 14 October 2014, with effect from Admission each of Jonathan Best, Dr. Hendrik Schloemann and Benjamin Hill will resign from the Board and Christopher Hall, Bob Foster and Emma Priestley will be appointed to the Board.  Further information on the Proposed Directors is set out in the Appendix to this announcement.

 

 

Definitions used in this announcement have the same meaning as in the announcement issued on 14 October 2014.

 

 

Enquiries

 

GoldStone Resources Limited	+27 21 551 9009
Jurie Wessels
WH Ireland Limited	+44 113 394 6600
Tim Feather
Liam Gribben

 

 

Appendix

 

Further information on the Proposed Directors:

 

Christopher Raymond John Hall (aged 65)

 

List of Directorships and Partnerships:

 

Current	Past 5 years
Rift Resources Limited	Grail Resources PLC
Stratex International PLC	Great Western Mining PLC
Thani Stratex Resources Limited	Ilminster Forum Limited

 

Mr. Hall was appointed director of "It's The Way Limited" on 18 April 2005 and resigned on 15 February 2006.  On 30 June 2006 a liquidator was appointed by It's The Way Limited's creditors for the purposes of a voluntary winding up.  It's The Way Limited was dissolved on 9 August 2007.

 

Robert Peter Foster (aged 65)

 

List of Directorships and Partnerships:

 

Current	Past 5 years
Altintepe Madencilik	Bushveld Platinum Limited
Bob Foster & Assoc. Limited
Cabo Delgado Exploration Limited
Equator Gold Limited
Equator Gold Resources Limited
Ground Modelling Technologies Limited
Ground Truth Limited
Muratdere Madencilik
NS Madencilik
Rockover Mozambique Limiteda
Rockover Resources Limited
Rovuma Holdings Ltd
Rovuma Resources Limited
Rovuma Resources Limiteda
Stratex East Africa Limited
Stratex Exploration Limited
Stratex Gold A.G.
Stratex International PLC
Stratex Madencilik
Stratex West Africa Limited
Tembo Gold Corp

 

 

Emma Kinder Priestley (aged 41) 

 

List of Directorships and Partnerships:

 

Current	Past 5 years
Santon Consultancy Services Limited	Aldeamento Turistico de Macuti SARL
Stellar Resources Plc	Blueberry International Services Limited
	Celsys Limited
	Complete Enterprise Solutions Limited
	Complete Enterprise Solutions (Pty) Limited
	Five Forty Africa (BVI) Limited
	ForgetMeNot Africa Limited
	Gardoserve (Pvt) Limited (trading as Millpal Chemicals)
	Hotel Cardoso
	Indit Technology Distribution (Pty) Limited
	Lonrho Africa (Holdings) Limited
	Lonrho Agribusiness (BVI) Limited
	Lonrho Air (BVI) Limited
	Lonrho Air (2) BVI Limited
	Lonrho Air (3) BVI Limited
	Lonrho Air Africa (BVI) Limited
	Lonrho Aviation (BVI) Limited
	Lonrho Food Supply Chain Management Limited
	Lonrho Holdings Limited
	Lonrho Hotels Management Services BVI Limited
	Lonrho Infrastructure (BVI) Limited
	Lonrho Investments Limited
	Lonrho Management Services Limited
	Lonrho Oil (Malawi) Limited
	Lonrho PLC/ Lonrho Limited
	Lonrho Springs Limited
	Lonzim Air (BVI) Limited
	LonZim PLC
	Luba Freeport Limited
	Morningdale Properties (Pvt) Limited
	Peak Mine (Pvt) Limited
	Rex Mining (Pvt) Limited
	Sociadade Commercial Bytes & Pieces Limiteda
	Southern Africa Management Services Limited
	Swissta Holdings Limited
	Swissta Mozambique Lda
	Wardlaw (1989) Limited

 

 

None of the Proposed Directors has a shareholding in GoldStone.

 

The Proposed Directors have confirmed that there are no other disclosures required by Schedule 2(g) of the AIM Rules for Companies.