Source - SMW
Wishbone Gold, the precious metals trading and exploration company, has announced the issue of 207,297,514 new ordinary shares as a result of the conversion to equity of 63% of the outstanding loan with Sanderson Capital Partners. 

This results in the conversion of £258,500 of the outstanding total Sanderson loan of £407,141 at a price of 0.1247 pence per Ordinary Share. The conversion price is determined by the 30 day moving average of the company's share price as determined under the loan agreement.

Sanderson has agreed that it will not sell any of the Ordinary Shares without the permission of Wishbone. Sanderson's intention is to strengthen Wishbone's balance sheet and demonstrate support for the company's strategy.


At 9:08am: (LON:WSBN) Wishbone Gold PLC share price was +0.02p at 0.19p



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