Business
Update regarding claim by a former director
Update regarding claim by a former director.
About this update from Goldstone Resources Limited
[{"type":"text","content":"\n \nRNS Number : 0943T Goldstone Resources Ltd 18 March 2019 \n\n18 March 2019\n \nGOLDSTONE RESOURCES LIMITED\n(\"GoldStone\" or the \"Company\")\n \nUpdate regarding claim by a former director\n \nGoldStone Resources Limited (AIM: GRL) provides an update regarding the claim against the Company by Hendrik Schloemann, a former director of the Company, first announced on 13 October 2016 (the \"Claim\").\n \nFurther to its announcement of 14 December 2018, the Company has withdrawn an appeal lodged with the South African Labour Court and whilst the Company is required to agree a payment schedule with Mr Schloemann's attorney, the Company is considering its options in this regard and in relation to the Claim with its advisers.\n \nFurther announcements will be made as and when appropriate.\n \nFor further information, please contact:\n \n\n\n\n\nGoldStone Resources Limited\n\n\n \n\n\n\n\nEmma Priestley / Bill Trew\n\n\nTel: +44 (0)20 7236 1177\n\n\n\n\n \n\n\n \n\n\n\n\nStrand Hanson Limited\n\n\n \n\n\n\n\nRichard Tulloch / James Bellman\n\n\nTel: +44 (0)20 7409 3494\n\n\n\n\n \n\n\n \n\n\n\n\nSI Capital Limited\n\n\n \n\n\n\n\nNick Emerson\n\n\nTel: +44 (0)1483 413 500\n\n\n\n\n \n\n\n \n\n\n\n\nSt Brides Partners Ltd\n\n\n \n\n\n\n\nSusie Geliher / Juliet Earl\n\n\nTel: +44 (0)20 7236 1177\n\n\n\n\n \nThe 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.\n \n- ENDS-\n \nAbout GoldStone Resources Limited\n \nGoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company with projects in Ghana, Senegal and Gabon that range from grassroots to advanced exploration.\n \nThe Company is focused on developing the Akrokeri- Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t. The existing resource is confined to a 4km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.\n \nThe project hosts two former mines, the Akrokerri Ashanti Mine Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the early 1900s, and the Homase Pit which AngloGold ...