Business
Directors' Fees & Expenses Converted into Equity
Directors' Fees & Expenses Converted into Equity.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \nRNS Number : 4422I Wishbone Gold PLC 02 July 2013 \n \n\nWishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources\n2 July 2013\nWishbone Gold Plc ('Wishbone Gold' or the 'Company')\nConversion of directors' fees and expenses into equity\n \nWishbone Gold, an exploration and acquisition company focussed on precious metals, announces that its directors have accepted new ordinary shares of 0.1p in the Company ('Ordinary Shares') as payment for their services and expenses for the period ended 30 June 2013.\n \nThe Company has approved the conversion of £207,223 representing amounts of fees and expenses owed to relevant directors up to the 30 June 2013 into 11,841,307 Ordinary Shares ('New Ordinary Shares'), which have been issued at 1.75p per Ordinary Share, being the closing price on 1 July 2013. Application has been made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 9 July 2013.\n \nThis results in the Directors and applicable shareholdings being as follows:\n \n\n\n\n\nDirector's Holdings\n\n\nCurrent holding Number\n\n\nNew Ordinary Shares being issued \nNumber\n\n\nHolding following admission\nof New Ordinary Shares\n\n\n\n\n\n\n\n\n\n\nNumber\n\n\n%\n\n\n\n\nRichard Poulden1\n\n\n48,790,784\n\n\n8,357,135\n\n\n57,147,919\n\n\n31.26%\n\n\n\n\nGeorge Cardona\n\n\n7,912,442\n\n\n696,721\n\n\n8,609,163\n\n\n4.71%\n\n\n\n\nJonathan Harrison2\n\n\n4,456,221\n\n\n1,394,009\n\n\n5,850,230\n\n\n3.20%\n\n\n\n\nMichael Mainelli3\n\n\n1,000,000\n\n\n696,721\n\n\n1,696,721\n\n\n0.93%\n\n\n\n\nAlan Gravett\n\n\n500,000\n\n\n696,721\n\n\n1,196,721\n\n\n0.65%\n\n\n\n\n\n\n\n62,659,447\n\n\n11,841,307\n\n\n74,500,754\n\n\n40.75%\n\n\n\n\nNotes:\n1) Richard Poulden holds his Ordinary Shares in the Company as follows (and all such Ordinary Shares (other than those of Black Swan Plc) are registered in the name of Ashton Nominees Inc.):\na) 2,000,000 Ordinary Shares belong to Richard Poulden's infant children;\nb) 22,642,857 Ordinary Shares will be held through the Formidable Trust, a trust for the benefit of Richard Poulden and his family; and\nc) 32,505,062 Ordinary Shares will be held...