Goldstone Resources Ltd Restoration of Trading (6007Q)

TIDMGRL

RNS Number : 6007Q

Goldstone Resources Ltd

29 June 2022

29 June 2022

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Restoration of Trading

GoldStone Resources Limited (AIM: GRL), the emerging gold producer and developer focussed on Ghana, is pleased to announce the lifting of the temporary suspension and the restoration of trading in its ordinary shares on the AIM market of the London Stock Exchange plc.

On 10 June 2022, GoldStone's ordinary shares were temporarily suspended from trading on AIM pending an announcement.

The Board can now confirm that an armed robbery took place at its Homase site, which, whilst no-one was hurt, resulted in a loss of gold with a value of approximately US$350k. Whilst this loss is not expected to have a material impact on the financial performance of the business, the Company was not in a position to make an announcement that was compliant with the AIM Rules, which led to a suspension in the trading of its ordinary shares on AIM whilst an investigation was launched by the authorities in Ghana.

The investigation into the robbery is ongoing and, concurrently, GoldStone is reviewing its security protocols. A new security company has been appointed and additional security measures are being implemented on an urgent basis to enhance protection for the Company's operations, assets and personnel moving forward. These issues are causing some short-term disruption to operations, which are expected to continue into Q3 2022, but the Company expects to maintain regular production of gold doré throughout Q3 and Q4 2022.

The suspension of the Company's ordinary shares from trading on AIM will be lifted with effect from 7.30 a.m. today and, accordingly, trading in the ordinary shares on AIM will be restored at 8.00 a.m. today.

For further information, please contact:

 
 GoldStone Resources Limited 
 Bill Trew / Emma Priestley           Tel: [phone] 
 Strand Hanson Limited 
 James Dance / James Bellman          Tel: [phone] 
 S. P. Angel Corporate Finance 
  LLP 
 Ewan Leggat / Charlie Bouverat       Tel: [phone] 
 
 St Brides Partners Limited           Tel: [phone] 
  Susie Geliher / Catherine Leftley 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

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END

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June 29, 2022 02:00 ET (06:00 GMT)