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Wishbone Gold modifies equity sharing agreement with D-Beta One

D-Beta One has agreed with Wishbone to double the number of remaining monthly payments from 10 to 20
Gold bar
The agreement will have the effect of reducing the volume of shares that D-Beta One will trade in any given period

Wishbone Gold PLC (LON:WSBN) and D-Beta One have modified the equity sharing agreement announced on 18 August 2017.

D-Beta One is leading a syndicate that had pledged to subscribe for 114.3mln Wishbone shares at 0.7p a throw; it has agreed with Wishbone to double the number of remaining monthly payments from 10 to 20, which will have the effect of reducing the volume of shares that D-Beta One will trade in any given period.

READ: Wishbone Gold agrees new institutional funding deals

The proceeds of each monthly payment will be dividing equally between Wishbone and paying off the balance of Wishbone’s investment agreement with YA II PN.

Shares in Wishbone rose 8.2% to 0.595p in the first hour of trading.

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Wishbone Gold PLC Timeline

February 12 2018

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