Business
EGM Notice,Subscription,Interest & Fee Conversions
Goldstone Resources Limited has announced a conditional £2 million subscription at 1 penny per share, raising capital for its Homase Mine exploration in Ghana and diversification into gold projects outside Ghana. Additionally, approximately £1.45 million of accrued interest from a gold loan with Asian Investment Management Services Limited will be converted into equity at a price of USD4,250 per ounce, resulting in the issuance of 144,855,000 new ordinary shares. Certain directors have also agreed to convert USD301,153, approximately £222,853, of outstanding fees into 22,285,317 new ordinary shares at the same subscription price, and an adviser will receive 2,500,000 new ordinary shares for outstanding fees. Admission of these new shares to AIM is expected on February 10, 2026, at which point the company's enlarged share capital will comprise 1,318,830,114 ordinary shares. Disclaimer*
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n\n21 January 2026\n \nGOLDSTONE RESOURCES LIMITED\n(\"Goldstone\" or the \"Company\")\n \nPosting of EGM Notice, Conditional £2 million Subscription, Interest and Fee Conversions \n \nGoldStone Resources Limited (the \"Company\") announces that the notice of its extraordinary general meeting (the \"EGM\") has been posted to shareholders and will be available on the Company's website at www.goldstoneresources.com.\n \nThe EGM will be held at 11.00 a.m. on Thursday, 5 February 2026 at Faegre Drinker Biddle & Reath LLP, Level 18, 8 Bishopsgate, London EC2N 4BQ.\n \nThe Board recognises that the EGM provides an opportunity for shareholders to raise questions and comments. Shareholders who do not wish to attend the meeting in person are invited to submit any questions relating to the business of the EGM in advance by email to [email protected], no later than 11.00 a.m. on Monday, 2 February 2026. The Directors will endeavour to address all such questions.\n \nConditional £2.0 million Subscription\n \nThe Company is pleased to announce that it has conditionally raised £2.0 million (before expenses) by way of a subscription by an investor for, in aggregate, 200,000,000 new Ordinary Shares of 1 penny par value each in the capital of the Company (the \"Subscription Shares\") at a price of 1 penny per share (the \"Subscription Price\") (the \"Subscription\"). The Subscriber will also receive, for each Subscription Share, one warrant over a further new Ordinary Share exercisable at the Subscription Price for 24 months from the date of admission of the Subscription Shares to trading on AIM.\n \nFollowing Admission, the Subscription Shares will represent approximately 15.16 per cent. of the Company's Enlarged Share Capital (as defined below).\n \nApproximately £1.4 million of the net proceeds of the Subscription will be used to expedite the Company's exploration programme at the Homase Mine in Ghana, with the objective of expanding and enhancing the current JORC Resource, together with supporting business administration and working capital requirements. The balance of the funds will be used to evaluate and invest in gold projects outside Ghana in order to diversify the Company's asse...