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Wishbone Gold PLC RNS Release

Update on Equity Sharing Agreement


RNS Number : 9388T
Wishbone Gold PLC
18 October 2017
 

 

18 October 2017

 

 

Wishbone Gold Plc

("Wishbone Gold" or the "Company")

Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources

 

Update on Equity Sharing Agreement

 

 

On 18 August 2017, the Company announced (the "Announcement") that it had entered into an equity sharing agreement with by D-Beta One EQ Ltd (the "Equity Sharing Agreement"). The Equity Sharing Agreement was arranged by RiverFort Global Capital ("RiverFort").

 

Further to the Announcement, the Company can confirm that $36,723.30 was paid to the Company by D-Beta One EQ Ltd under the Equity Sharing Agreement as the first Monthly Payment.  The first Monthly Payment has been allocated by D-Beta One EQ Ltd towards the outstanding balance of the Investment Agreement with YA II PN Ltd (as permitted under the Equity Sharing Agreement) as to $30,805.19 towards loan repayment and $5,917.81 towards interest on the loan.

 

Going forward, the Company intends to announce the results of their monthly payments in the second week of the month following the month in which the trading calculations are made. The Company is also in discussions with RiverFort regarding the allocation of future Monthly Payments.

 

For more information on Wishbone Gold please visit the Company's website www.wishbonegold.com .

 

(All defined terms are as used in the Announcement)

 

Enquiries:

 

Wishbone Gold Plc

Richard Poulden, CEO & Chairman                                Tel: +44 207 812 0645

                                                                                                                               

Allenby Capital

Nick Naylor / Nick Harriss / James Thomas                    T el: +44 20 3328 5656

 

Beaufort Securities Limited

Elliot Hance                                                                Tel: +44 20 7382 8300

 

Damson Communications

Abigail Stuart-Menteth / Amelia Hubert                         Tel: +44 207 812 0645

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Wishbone Gold PLC Timeline

Newswire
February 09 2017

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