Goldstone Resources Ltd Director/PDMR Shareholding (1293T)

TIDMGRL

RNS Number : 1293T

Goldstone Resources Ltd

10 October 2017

10 October 2017

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Directors' Dealings and Holdings Update

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces that Emma Priestley, Chief Executive Officer of the Company, has today sold 2,000,000 ordinary shares of 1 penny each ("Ordinary Shares") to Bill Trew, Non-Executive Chairman of the Company, at a price of 1.6 pence (the "Share Transfer").

The Company also wishes to notify corrections to previous shareholdings announced in respect of Emma Priestley and Richard Lloyd, which were understated by 23,655 and 5,677 Ordinary Shares respectively. The corrected existing holdings for both Directors are as set out in the table below. For the avoidance of doubt, the number of new Ordinary Shares issued to the aforementioned, as set out in the Company's announcements of 6 September 2017 and 3 October 2017, remain correct and the total number of Ordinary Shares in issue is unaffected.

Post the Share Transfer, the Directors' holdings will be as follows:

 
                     Existing        Share    Resultant     Resultant 
                      Holding     Transfer      Holding    Percentage 
                                                              Holding 
----------------  -----------  -----------  -----------  ------------ 
 Bill Trew*                 0    2,000,000    2,000,000         0.80% 
----------------  -----------  -----------  -----------  ------------ 
 Emma Priestley     4,711,546                 2,711,546         1.08% 
----------------  -----------  -----------  -----------  ------------ 
 Richard 
  Lloyd             1,130,776                 1,130,776         0.45% 
----------------  -----------  -----------  -----------  ------------ 
 

* Mr Trew is a director and shareholder of Paracale Gold Limited, which currently holds 70,352,377 ordinary shares in Goldstone representing 28.26% of its currently issued share capital. Following the Share Transfer, Bill Trew and Paracale Gold Limited will be interested in, in aggregate, 72,352,377 Ordinary Shares, representing 28.97% of the Company's currently issued share capital.

There is no change to the total number of shares held by the Board of Directors post this transaction.

For further information, please contact:

 
 GoldStone Resources 
  Limited 
 Emma Priestley / Bill     Tel: [phone] 
  Trew 
 
 Strand Hanson Limited 
 Richard Tulloch / James   Tel: [phone] 
  Bellman 
 
 SI Capital Limited 
 Nick Emerson              Tel: [phone] 
 

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold. It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.

PDMR Notifications

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                             Emma Priestley 
---  -------------------------------  ---------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------- 
 a)   Position/status                  Director of the Company 
---  -------------------------------  ---------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ---------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                             Goldstone Resources Limited 
---  -------------------------------  ---------------------------- 
 b)   LEI                              213800B7ATYRPQUTS551 
---  -------------------------------  ---------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of 1 penny 
       Financial instrument,            each in the share capital 
       type of instrument               of the Goldstone Resources 
                                        Limited 
---  -------------------------------  ---------------------------- 
      Identification code              JE00BRJ8YF63 
---  -------------------------------  ---------------------------- 
 b)   Nature of the Transaction        Sale of Ordinary Shares 
---  -------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         GBP0.016    2,000,000 
                                        ----------  ---------- 
---  -------------------------------  ---------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  ---------------------------- 
 e)   Date of the transaction          09 October 2017 
---  -------------------------------  ---------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
                                        Market (XLON) 
---  -------------------------------  ---------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                             William Trew 
---  -------------------------------  ---------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------- 
 a)   Position/status                  Director of the Company 
---  -------------------------------  ---------------------------- 
 b)   Initial notification/amendment   Initial notification 
---  -------------------------------  ---------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                             Goldstone Resources Limited 
---  -------------------------------  ---------------------------- 
 b)   LEI                              213800B7ATYRPQUTS551 
---  -------------------------------  ---------------------------- 
 4.   Details of the transaction(s):section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv)each place where transactions have 
       been conducted 
---  ------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of 1 penny 
       Financial instrument,            each in the share capital 
       type of instrument               of the Goldstone Resources 
                                        Limited 
---  -------------------------------  ---------------------------- 
      Identification code              JE00BRJ8YF63 
---  -------------------------------  ---------------------------- 
 b)   Nature of the Transaction        Purchase of Ordinary Shares 
---  -------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                        ----------  ---------- 
                                         GBP0.016    2,000,000 
                                        ----------  ---------- 
---  -------------------------------  ---------------------------- 
 d)   Aggregated information           N/A (Single transaction) 
       Aggregated volume 
       Price 
---  -------------------------------  ---------------------------- 
 e)   Date of the transaction          09 October 2017 
---  -------------------------------  ---------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
                                        Market (XLON) 
---  -------------------------------  ---------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 10, 2017 02:00 ET (06:00 GMT)