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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Wishbone Gold Plc | LSE:WSBN | London | Ordinary Share | GI000A2PX455 | ORD 0.1P (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 1.20 | 1.30 | 1.25 | 1.25 | 1.25 | 78,092 | 07:47:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -1.14M | -0.0044 | -2.84 | 3.22M |
From Apr 2019 to Apr 2024
TIDMWSBN
RNS Number : 2152R
Wishbone Gold PLC
07 December 2016
7 December 2016
Wishbone Gold Plc
("Wishbone Gold" or the "Company")
Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources
Loan Facility to Supplier
Wishbone Gold is pleased to announce that it has provided a loan facility of US$100,000 to Narh Global Services Ltd ("NGSL"), one of its gold suppliers in Ghana. The purpose of the loan is to assist in the purchase of new washing facilities to increase the production of NGSL's alluvial properties.
The loan does not bear interest but the discount on shipments from NGSL is increased from 3% to 6% for future shipments from the alluvial production. The loan will be repaid out of increased shipments of gold.
Chairman and CEO of Wishbone, Richard Poulden, commented:
"This is a vote of confidence in one of our trusted suppliers. To put this transaction in context, Bank of Ghana interest rates are currently around 25% pa. In addition the Company is lending to company with no proven resource, relying on our own in country due diligence and NGSL's track record as a supplier. We anticipate that we make similar investments in future".
- ends -
www.wishbonegold.com
Enquiries:
For further information, please contact:
Hot Features
Premium
Wishbone Gold Plc
Richard Poulden, Chairman Tel: +44 207 812
and CEO 0645
Allenby Capital
Nick Naylor / Nick Harriss Tel: +44 20 3328
/ James Thomas 5656
Beaufort Securities
Elliot Hance Tel: +44 20 7382
8300
Damson Communications
Amelia Hubert Tel: +44 207 812
0645
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKODNBBDDBBK
(END) Dow Jones Newswires
December 07, 2016 07:33 ET (12:33 GMT)
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