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Goldstone Resources ( (GB:GRL) ) has issued an announcement.
GoldStone Resources Limited has announced the allotment of 147,692,308 new Ordinary Shares to Devonport Capital Limited, marking the full settlement of its Convertible Loan Notes. These shares represent approximately 16% of the company’s enlarged share capital following their admission on AIM. This issuance is expected to influence GoldStone’s market standing by increasing its capital base and enhancing shareholder calculations regarding interest changes under FCA regulations.
More about Goldstone Resources
GoldStone Resources Limited is an AIM-quoted gold exploration and development company focusing on the Akrokeri-Homase project in southwestern Ghana. This project contains a JORC Code compliant 602,000 oz gold resource, aiming to expand its portfolio within the Ashanti Gold Belt.
YTD Price Performance: 4.26%
Average Trading Volume: 2,770,390
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £9.59M
Learn more about GRL stock on TipRanks’ Stock Analysis page.
