Business
Institutional Fundraise of £1.1 million and TVR
Wishbone Gold Plc has successfully raised £1.1 million in gross proceeds through an institutional placing at 26.35 pence per share, issuing 4,174,573 new ordinary shares. Subscribers also received warrants on a one-for-two basis, exercisable at 40 pence within two and a half years. This funding will support exploration at its Western Australia projects, including Red Setter and the potential acquisition of the Silver Lake project. Following admission, the company's total voting rights will be 34,400,438 ordinary shares. Disclaimer*
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR\n \n \n\n\n22 April 2026\n \nWishbone Gold Plc\n(\"Wishbone\" or the \"Company\")\nLondon AIM & Aquis: WSBN\n \nInstitutional Fundraise of £1.1 million and Total Voting Rights\n \nWishbone Gold Plc is pleased to announce it has raised gross proceeds of £1,100,000 in an institutional placing facilitated and arranged by Marex Financial at a placing price of 26.35 pence per share (\"Placing Price\") through the issue of 4,174,573 new Ordinary Shares of 0.1 pence par value each (the \"New Ordinary Shares\").\n \nIn addition, warrants have been issued to subscribers on the basis of one warrant for every two shares subscribed in the issue with a strike price of 40p per share, this being 50% above the placing price. These are exercisable within the period of two and a half years from the date of the placing.\n \nRichard Poulden, Wishbone Gold's Chairman, stated:\n \n\"We were approached by an institutional investor through Marex who expressed a serious interest in our Western Australia projects. Red Setter is located only 20km from Greatland Resources' Telfer gold mine which is drilling more meters in 2026 than in Telfer's history. We have further tenement packages in that region which we have yet to explore. In addition, the analysis of the Silver Lake project which we recently announced we had signed an option to acquire is looking extremely promising. This fundraise will also cover the initial development of this prospect. Overall we are very excited for the coming year given our expanded drill programme at Red Setter and the prospects at Silver Lake.\"\n \nApplication is being made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares on issue, to be admitted to trading on the AIM and AQSE markets (\"Admission\"). Dealings in respect of 4,174,573 New Ordinary Shares are expected to commence on or about 29 April 2026 and the issue is subject only to Admission.\n \nTotal Voting Rights (\"TVR\")\n \nThe Company's total issued and votin...