Goldcrest Resources plc
("Goldcrest" or the "Company")
10 January 2017
Issue of Equity and Change of Corporate Adviser
The Company announces that it has raised £217,000 before expenses through the
issue of 86,800,001 new ordinary shares of 0.05p at a price of 0.25p each.
Funds will be utilised for working capital purposes as the Company seeks to
progress its existing and future interests.
Additionally, the Company announces that a conversion notice has been sent to
Pelamis Investments Ltd, being sole owner of the Convertible Loan Note, as
announced 5th December 2016. The £70,000 will be fully converted into equity of
the Company through the issue of 28,000,000 new ordinary shares of 0.05p each,
also at 0.25p each per share.
Furthermore, the Company announces that it has agreed to settle £121,300 of
liabilities through the issue of 48,520,000 new ordinary shares of 0.05p, again
at 0.25p each per share. The Company is now debt free and accordingly, the
balance sheet has been strengthened, leaving the Company in a strong position
to focus on Taoudeni Resources Ltd, which holds the Company's flagship and
prospective Asheba Gold Project ("Asheba"), located in Ghana. The Company is
now also in a strong position to seek out other prospective gold projects.
Appointment of Corporate Adviser and Broker
The Company is pleased to announce the appointment of Peterhouse Corporate
Finance Ltd as its NEX Exchange Corporate Adviser and Broker with immediate
effect.
On completion of the placing, the following disclosable interests in the share
capital of the Company are as follows:
Name: Amount of Ordinary Percentage
Shares
Hot Rocks Investments plc* 6,121,713 14.61
Woodland Capital Limited* 1,734,500 4.14
Gavin Burnell* 1,172,492 2.80
Bruce Rowan** 2,900,000 6.92
Starvest plc** 1,188,000 2.84
Plutus Strategies Limited* 2,947,273 7.03
**
Sunrise Resources plc 2,332,373 5.57
Centrebind Agency Limited 2,200,524 5.25
Geoffrey Tomlinson**** 343,489 0.82
Pelamis Investments Ltd*** 28,000,000 13.64
**
* Gavin Burnell is the managing director of Hot Rocks Investments plc
and Woodland Capital Limited.
** Bruce Rowan is a substantial/controlling shareholder of Starvest plc.
*** Plutus Strategies Limited is owned 50 per cent. by Paul Haywood, a
director of the Company and 50 per cent. by Niall Tomlinson, a director of the
Company.
**** Geoffrey Tomlinson is the father of Niall Tomlinson, director of the
Company.
***** David Steinepreis owns 39 per cent. of Pelamis Investments Ltd.
Paul Haywood, Managing Director commented: "The past year has been a
challenging time for the company and I would first like to thank all those that
have supported us to date and those that will be supporting the Company going
forward. The restructure, strengthening of the Board and raising of additional
capital perfectly positions the Company to now execute its growth plans and we
look forward to updating the market on associated actions in due course".
Following the issue of the 163,320,001 new ordinary shares, Goldcrest has
205,223,308 Ordinary Shares in issue, which also represents the total number of
voting rights in the Company. This figure should be used by shareholders as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
The Directors of the Issuer accept responsibility for this announcement.
For further information please contact:
The Company
Paul Haywood, Executive Director +44 (0) 20 3053 3631
paul@goldcrestresourcesplc.com
NEX Exchange Corporate Adviser +44 (0) 20 7469 0930
PETERHOUSE CORPORATE FINANCE LIMITED
Guy Miller
Mark Anwyl
Goldcrest Resources Plc - Issue of Equity and Change of Corporate Adviser
January 10, 2017 at 10:50 am EST
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© PRNewswire - 2017
