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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 | 779,017 | 07:40:09 |
| 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 : 9061W
Wishbone Gold PLC
20 November 2017
20 November 2017
Wishbone Gold Plc
("Wishbone Gold" or the "Company")
Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources
Update on the Equity Sharing Agreement
Wishbone Gold Plc and D-Beta One EQ, Ltd announce that they have today modified the Equity Sharing Agreement announced on 18 August 2017 (the "Announcement") in the following manner:
1. The parties have agreed to double the remaining Monthly Payments from 10 to 20. This has the effect of reducing the volume of shares, which D-Beta One EQ, Ltd will trade in any given period.
2. The proceeds of each Monthly Payment will be divided as to 50% payable to the Company and 50% allocated to the reduction of the balance of Wishbone's Investment Agreement from YA II PN Ltd.
Item 2 above will be applied retroactively to the October Monthly Payment and item 1 and item 2 will be applied to each month going forward.
The Company can confirm that $32,832.36 is due to the Company from D-Beta One EQ Ltd under the Equity Sharing Agreement for October2017. Half of this amount has been allocated by D-Beta One EQ Ltd towards the outstanding balance of the Investment Agreement with YA II PN Ltd as to $12,673.66 towards loan repayment and $3,742.52 towards interest on the loan. As per the revised agreement $16,416.18 will be paid to the Company.
Henceforth Wishbone will report the outcome of the Swap trades and payments on a quarterly basis.
For more information on Wishbone Gold please visit the Company's website www.wishbonegold.com.
All defined terms are as used in the Announcement.
Enquiries:
Wishbone Gold Plc
Richard Poulden, CEO Tel: +44 207 812 0645
Allenby Capital
Nick Naylor / Nick Harriss Tel: +44 20 3328 5656
Beaufort Securities Limited
Elliot Hance Tel: +44 20 7382 8300
Damson Communications
Abigail Stuart-Menteth / Amelia Hubert Tel: +44 207 812 0645
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 20, 2017 02:00 ET (07:00 GMT)
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