Goldstone Resources Ltd Director Appointment (5277X)

TIDMGRL

RNS Number : 5277X

Goldstone Resources Ltd

27 November 2017

27 November 2017

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Director Appointment

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, is pleased to announce the appointment of Angela List as a Non-Executive Director to its Board of Directors (the "Board").

Angela is a director of BCM Investment Limited ("BCM"), which following its participation in the Company's recent fundraise announced on 27 September 2017, is interested in approximately 20.08 per cent. of the Company's issued share capital. BCM is part of the wider BCM Group of companies ("BCM Group"), which are one of Africa's largest private contract miners.

The Board looks forward to working alongside Angela, who has significant operational and in-country expertise, to further the Company's business objectives in Ghana. Her trusted network throughout Africa extends from Government authorities through to the local communities where the BCM Group operates. Most recently, Angela was instrumental in the BCM Group acquiring a 90 per cent. interest in the Nzema Mine in Ghana, formerly owned by TSX-listed Endeavour Mining Corporation.

Angela joined the BCM Group in 2001 as Finance Director and has overseen significant growth throughout the business, increasing total assets from approximately US$21 million up to US$246 million as at 2016. In the same manner revenues have increased from approximately US$20 million in 2001 to approximately US$111 million in 2016. Prior to this Angela was a member of the audit team at KPMG Ghana Limited.

The Company confirms that it intends to appoint an additional independent Non-Executive Director, and the Company looks forward to updating shareholders in due course.

Bill Trew, Non-Executive Chairman of GoldStone, commented:

"I am delighted to welcome Angela to the Board of GoldStone, as she brings a wealth of experience to the GoldStone team. Her business acumen and diverse experience across many disciplines which, in particular, involves mining throughout West Africa, will be a great asset to assist the Company in building value from proposition through to mining and production and bringing shareholder value to the Company."

Further information on Angela Diala List as required in accordance with Schedule 2 (g) of the AIM Rules:

Angela Diala List (née Akill), aged 43

 
 Current Directorships        Directorships / Partnerships 
  / Partnerships               held in last 5 years 
 Bayswater AG                 Jupiter World Network Limited 
 Bayswater Capital Partners   Phalgom Energy Limited 
  AG 
 BCM Ghana Limited            Pyrton Investments Limited 
 BCM International Limited    Stilmore Consortium Limited 
 BCM Investment Limited 
 BCM Investments Limited 
 BCM Mali SA 
 Cooperate Travel Limited 
 Cooperative Travel Limited 
 Elwyn List Farm Limited 
 GSP AZUR Société 
  Civile Immobiliere 
 Notre Dame Investments 
  Limited 
 

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules.

For further information, please contact:

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

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

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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.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 27, 2017 02:00 ET (07:00 GMT)