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Goldstone Resources ( (GB:GRL) ) has shared an update.
GoldStone Resources has announced an update regarding its convertible loan notes issued to Future Global Resources, now known as Blue Gold. The company has agreed with Blue Gold and Devonport Capital that the loan notes will be assigned to Devonport, with an extended redemption date to January 2025. The loan notes and accrued interest will be converted into new ordinary shares, representing approximately 16% of GoldStone’s issued share capital. This transaction will affect the company’s total voting rights, which will help stakeholders determine their interest in the company’s share capital.
More about Goldstone Resources
GoldStone Resources Limited is an AIM-quoted gold exploration and development company focused on the Akrokeri-Homase project in southwestern Ghana. The project hosts a JORC Code compliant 602,000 oz gold resource with a focus on the highly prospective Ashanti Gold Belt. The company aims to build a portfolio of high-quality gold projects in Ghana.
YTD Price Performance: -56.98%
Average Trading Volume: 3,356,352
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £6.96M
See more insights into GRL stock on TipRanks’ Stock Analysis page.
