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Goldstone Resources ( (GB:GRL) ) just unveiled an announcement.
GoldStone Resources Limited announced that Asian Investment Management Services Limited has agreed to convert accrued interest from a Gold Loan into 49,003,680 new Ordinary Shares, increasing AIMSL’s shareholding to 25.7%. This transaction, considered a related party transaction, will reduce the outstanding balance of the Gold Loan, and the new shares will be admitted to trading on AIM, impacting the company’s share capital and voting rights.
More about Goldstone Resources
GoldStone Resources Limited is an AIM-quoted mining and development company with projects in Ghana, focusing on the Akrokeri-Homase project in the Ashanti Gold Belt. This project includes a JORC Code compliant gold resource and aims to develop high-quality gold projects in the region.
YTD Price Performance: -11.02%
Average Trading Volume: 6,309,341
Technical Sentiment Signal: Strong Buy
Current Market Cap: £9.45M
See more insights into GRL stock on TipRanks’ Stock Analysis page.