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Goldstone to raise £1.5m for Ghana project

27th September 2017

By: Creamer Media Reporter

     

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JOHANNESBURG (miningweekly.com) – Aim-listed Goldstone Resources is raising £1.5-million to advance the development of its Homase-Akrokerri project, in Ghana.

The funds will be raised by way of a subscription for 100-million new ordinary shares at 1.5p a share with new and existing shareholders. The subscription shares will represent about 40.17% of the company's enlarged issued share capital.
 
Private contract miner BCM Investment (BCM) is subscribing for 50-million of the subscription shares, representing about 20.08% of the company's issued share capital.

“We are delighted to welcome BCM as a shareholder and partner to Goldstone and with the continued support from existing shareholders in raising £1.5-million in an uncertain market. We look forward to applying these funds to furthering the company's objectives and accelerating growth at the Homase-Akrokerri project,” says Goldstone chairperson Neil Gardyne.

The Homase-Akrokerri project hosts an existing 602 000 oz Joint Ore Reserves Committee-compliant gold resource.

Goldstone plans to build a portfolio of high-quality gold projects in Ghana.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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