07:00 Mon 20 Nov 2017
Wishbone Gold PLC - Update on the Equity Sharing Agreement
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Update on the Equity Sharing Agreement
1. The parties have agreed to double the remaining Monthly Payments from 10 to 20. This has the effect of reducing the volume of shares, which
2. The proceeds of each Monthly Payment will be divided as to 50% payable to the Company and 50% allocated to the reduction of the balance of Wishbone's Investment Agreement from
Item 2 above will be applied retroactively to the October Monthly Payment and item 1 and item 2 will be applied to each month going forward.
The Company can confirm that $32,832.36 is due to the Company from
Henceforth Wishbone will report the outcome of the Swap trades and payments on a quarterly basis.
For more information on
All defined terms are as used in the Announcement.
Enquiries:
Richard Poulden, CEO Tel: +44 207 812 0645
Nick Naylor / Nick Harriss Tel: +44 20 3328 5656
Elliot Hance Tel: +44 20 7382 8300
Abigail Stuart-Menteth / Amelia Hubert Tel: +44 207 812 0645
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