Business
First Day of Dealings on AIM
First Day of Dealings on AIM.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \nRNS Number : 6767H Wishbone Gold PLC 16 July 2012 \n \n\nWishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources\n16 July 2012\nWishbone Gold Plc ('Wishbone Gold' or 'the Company')\nFirst Day of Dealings on AIM\n \nWishbone Gold plc, a new exploration and acquisition company focussed on precious metals and led by ex-Sirius Minerals plc Chairman/CEO Richard Poulden, is being admitted to trading on AIM today. The Company has raised £0.515 million before expenses by way of a placing of 25,750,000 new Ordinary Shares at 2 pence per Ordinary Share, providing the Company with a market capitalisation of £3.4 million on Admission. The net funds raised will be used to assist in funding initial exploration costs on two concessions in Queensland, Australia that, according to the competent person's reports (\"CPRs\"), are high quality exploration targets. The Company's longer term objective is to expand and become a consolidator of viable gold projects. Shore Capital Stockbrokers Limited is Broker to the Company and Shore Capital and Corporate Limited is the Company's Nominated Adviser.\n \nOverview:\n· Strategy to acquire, explore and develop precious metals assets, primarily gold, with an initial focus on its assets in Queensland\n· Two gold concessions located in prospective and previously producing areas of Queensland, Australia already secured - both with encouraging CPRs\no Intention to apply modern exploration evaluation techniques to existing information and rework historic exploration information to establish a viable exploitation strategy \n· Application made for a third tenement in Australia \n· Experienced board members with expertise in developing natural resources prospects\no previously grew Sirius Minerals Plc from a market capitalisation of £2 million at time of float into a substantial potash company with a market capitalisation of over £200 million\n· The Board intend to use their business contacts and knowledge to source attractive assets on favourable terms\n· Working relationships with geological, environmental, and mining consultants to implement exploration programmes\n \nUnless otherwise defined herein, defined terms used in this announcement have the ...