29
April 2024
GOLDSTONE RESOURCES
LIMITED
("GoldStone" or the
"Company")
Result of AGM
GoldStone Resources Limited (AIM:
GRL), the West African gold mine developer, is pleased to announce that at the Company's Annual General
Meeting held earlier today, all resolutions were duly
passed.
Following approval by the Company's
shareholders of, inter
alia, the resolutions proposed at the AGM
associated with the Subscription and Amendment Agreement announced
on 10 April 2024, the Company expects receipt of funds in respect
of the Subscription by 3 May 2024, subject to which it is expected
that the Subscription Shares, the Conversion Shares, the Fee
Conversion Shares, and the Adviser Fee Shares will be admitted to
trading on AIM at 8:00 a.m. on or around 7 May 2024
("Admission") and
that the suspension of the Company's Ordinary Shares from trading
will be lifted on the same day.
Defined terms used in this
announcement shall have the same meanings as in the Company's
announcement entitled "Conditional Fundraising, Gold Loan
Standstill Amendment, and Notice of Annual General Meeting" dated
10 April 2024 unless otherwise defined herein.
For
further information, please contact:
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GoldStone Resources Limited
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Emma Priestley
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Tel: +44 (0)1534 487 757
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Strand Hanson Limited
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James Dance / James
Bellman
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Tel: +44 (0)20 7409 3494
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S.
P. Angel Corporate Finance LLP
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Ewan Leggat / Charlie
Bouverat
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Tel: +44 (0)20 3470
0501
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St
Brides Partners Ltd
Susie Geliher
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Tel: +44 (0)20 7236 1177
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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.