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Wishbone Gold plc Interim Results
Wishbone Gold plc Interim Results.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \n\nFOR: WISHBONE GOLD PLC\n\nAIM SYMBOL: WSBN\nPINKSHEETS SYMBOL: WISHY\n\nSeptember 30, 2014\n\nWishbone Gold plc Interim Results\n\nLONDON, UNITED KINGDOM--(Marketwired - Sept. 30, 2014) - Wishbone Gold Plc (AIM:WSBN)(PINKSHEETS:WISHY), an\nexploration and acquisition company focussed on precious metals, is pleased to announce its results for the\nhalf year ended 30 June 2014.\n\nHighlights\n\n-- Continued exploration on Wishbone.\n\n-- Share exchange with General Resources Investment Trust (\"GRIT\")\n demonstrating institutional support for the strategy.\n\n-- Fully underwritten open offer to shareholders producing US$ 813,475 (GBP\n 490,444) of further funding.\n\n-- Appointment of Tabarak Investment Bank; a specialist in debt finance for\n commodity projects in both trading and mining.\n\nContinuing work on acquisitions\n\n-- The Board has worked closely with Tabarak over the last few months on\n various financing structures and are confident in their ability to fund\n the right type of project.\n\n-- The Board continues to evaluate various acquisition opportunities.\n\nExisting Tenements\n\nWishbone Gold have initiated a ground radar survey on White Mountains using a new technology, which can examine\nto a far greater depth than anything currently in use in Australia. Depths of 250 metres have been surveyed\nusing this technology but the actual useable data depends upon conditions.\n\nMantle Mining, which has tenements adjacent to White Mountains, has recently acquired further tenements\nadjoining White Mountains. Their JORC resource on Granite Castle to the west of White Mountains is well\nestablished and we intend to trial the ground radar along strike from Granite Castle on our tenement.\n\nOutlook\n\nThe Board remains confident about the prospects for 2014.\n\nChairman Richard Poulden said:\n\n\"Wishbone has made significant strides towards its objectives this half year. We have successfully brought on\nboard a substantial institutional investor, GRIT, who have confidence in our management team. With the fire\npower and back up of both GRIT and Tabarak Investment Bank we are well placed to bring on board both small and\nlarge opportunities. We have been working on our acquisition program and will continue to do so. We carry on\ninto the remainder of 2014 with great confidence.\"\n\nWishbone Gold Plc\n\nExecutive C...