Business
Update on Equity Sharing Agreement
Update on Equity Sharing Agreement.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \nRNS Number : 9388T Wishbone Gold PLC 18 October 2017 \n\n \n18 October 2017\n \n \nWishbone Gold Plc\n(\"Wishbone Gold\" or the \"Company\")\nWishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources\n \nUpdate on Equity Sharing Agreement\n \n \nOn 18 August 2017, the Company announced (the \"Announcement\") that it had entered into an equity sharing agreement with by D-Beta One EQ Ltd (the \"Equity Sharing Agreement\"). The Equity Sharing Agreement was arranged by RiverFort Global Capital (\"RiverFort\"). \n \nFurther to the Announcement, the Company can confirm that $36,723.30 was paid to the Company by D-Beta One EQ Ltd under the Equity Sharing Agreement as the first Monthly Payment. The first Monthly Payment has been allocated by D-Beta One EQ Ltd towards the outstanding balance of the Investment Agreement with YA II PN Ltd (as permitted under the Equity Sharing Agreement) as to $30,805.19 towards loan repayment and $5,917.81 towards interest on the loan.\n \nGoing forward, the Company intends to announce the results of their monthly payments in the second week of the month following the month in which the trading calculations are made. The Company is also in discussions with RiverFort regarding the allocation of future Monthly Payments.\n \nFor more information on Wishbone Gold please visit the Company's website www.wishbonegold.com. \n \n(All defined terms are as used in the Announcement)\n \nEnquiries:\n \nWishbone Gold Plc \nRichard Poulden, CEO & Chairman Tel: +44 207 812 0645\n &n...