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Exploration expansion with £4 million raise, TVR

In brief · summary, not quotable

Wishbone Gold raises £4 million through placing of 307.7 million shares at 1.3p per share for Red Setter exploration expansion.

  • Gross proceeds £4,000,000
  • Placing price 1.3 pence per share
  • New Ordinary Shares issued 307,692,307
  • Total Voting Rights post-Admission 3,022,586,461 Ordinary Shares
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Total Voting Rights update

Wishbone Gold Plc announces that it has raised £4,000,000 (gross) at a placing price of 1.3 pence per share ("Placing Price") through the issue of 307,692,307 new Ordinary Shares of 0.1 pence par value each (the "New Ordinary Shares").

Richard Poulden, Chairman, commented: "As previously announced the results of the current drill program at Red Setter Gold Dome exploration site have been very promising and the prior analysis by Expert Geophysics has proven to be highly accurate. This fundraise will enable further expansion of the exploration at Red Setter during the current year."

OAK Securities acted as the Company's sole placing agent in respect of the placing.

Jerry Keen, Corporate Broking Partner at OAK Securities, commented: "We are very excited to be working with Wishbone at this key stage in its development. We look forward to a strong relationship with the Company and extending our support as required."

Application is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on the AIM and AQSE markets ("Admission"). The Commencement of Dealings will be mid-October 2025 and the specific date will be announced shortly. The issue is subject only to Admission.

Total Voting Rights

The Company's total issued and voting share capital upon Admission of the New Ordinary Shares will consist of 3,022,586,461 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

For more information on Wishbone, please visit the Company's website.

OAK Securities is a trading name of Merlin Partners LLP: OC317265 Merlin Partners LLP is Authorised and Regulated by the Financial Conduct Authority: 449191

Nominated Adviser Statement

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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