Goldstone Resources (GB:GRL) has released an update.
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Goldstone Resources Ltd has faced a funding hiccup as a subscriber failed to meet payment obligations, but has since secured £834,000 in gross proceeds to maintain operations, thanks to a £200,000 share subscription from Asian Investment Services Limited (AIMSL). The company is currently producing gold at a steady rate and may seek additional capital for expanding production and exploration in the future. AIMSL will also appoint a Non-Executive Director to Goldstone’s Board, maintaining its shareholding below 30%.
For further insights into GB:GRL stock, check out TipRanks’ Stock Analysis page.
