Wishbone Gold PLC

Wishbone Gold gets vote of confidence as Sanderson Capital converts loan into shares

Following the admission of the new shares, the company's total issued and voting share capital will comprise 2,652,128,980 ordinary shares

Wishbone's debt to Sanderson Capital has been reduced to £148,641

Wishbone Gold PLC (LON:WSBN), the precious metals trading and exploration company, said 63% of its loan with Sanderson Capital has been settled through the issue of shares.

The company has issued 207mln shares at an assumed price of 0.1247p each after Sanderson converted £258,500 of the outstanding total Sanderson loan of £407,141 into shares.

READ: Wishbone Gold raises £567,000 to end stand-by facility

The conversion price was determined by the 30-day moving average of the company's share price as determined under the loan agreement.

Sanderson has agreed that it will not sell any of the shares without the permission of Wishbone. Sanderson's intention is to strengthen Wishbone's balance sheet and demonstrate support for the company's strategy, Wishbone said.

Quick facts: Wishbone Gold PLC

Price: £0.00

Market: AIM
Market Cap: £924.91 k

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Wishbone Gold PLC named herein, including the promotion by the Company of Wishbone Gold PLC in any Content on the Site, the Company receives...



Wishbone Gold actively looking for acquisitions as it reviews Honduras...

Wishbone Gold PLC's (LON:WSBN) Richard Poulden tells Proactive London they're reviewing strategic options for its Honduras gold operation amid low recoveries. He says they've been able to make some shipments of gold from the Honduras plant and efforts are being made to improve the quality...

on 22/5/19

2 min read