GoldStone Resources Ltd (GRL)

Sector:

Mining

 2.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.15
  • 52 Week Low: 2.13
  • Currency: UK Pounds
  • Shares Issued: 498.51m
  • Volume: 0
  • Market Cap: £10.72m
  • RiskGrade: 381

Goldstone Resources reaches settlement with ex-director

By Josh White

Date: Monday 18 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Gold exploration and development company Goldstone Resources has reached an agreement with a former director, it announced on Monday, for full and final settlement of damages awarded by the South African Labour Court (the "Court") in December 2018.
The AIM-traded firm said that under the agreement, it had agreed to issue 1,800,000 new shares to the former director, which had a value of £0.16m at the closing middle market price on 15 January.

That, in addition to the $22,500 already paid in cash, represented settlement of the damages awarded to him by the South African courts.

The company said it had been indemnified against any future claims by the former director of the company.

"The settlement agreement allows Goldstone to retain the majority of the cash associated with the damages awarded to the former director of the company for working capital purposes as it targets the commencement of production at the Akrokeri-Homase gold project," the Goldstone board said in its statement.

At 1200 GMT, shares in Goldstone Resources were up 1.1% at 9.2p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GRL Market Data

Currency UK Pounds
Share Price 2.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.15
52 Week Low 2.13
Volume 0
Shares Issued 498.51m
Market Cap £10.72m
RiskGrade 381

GRL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.7% below the market average12.7% below the market average12.7% below the market average12.7% below the market average12.7% below the market average
52.67% below the sector average52.67% below the sector average52.67% below the sector average52.67% below the sector average52.67% below the sector average
Value
12.7% below the market average12.7% below the market average12.7% below the market average12.7% below the market average12.7% below the market average
52.67% below the sector average52.67% below the sector average52.67% below the sector average52.67% below the sector average52.67% below the sector average
Income Not Available
Growth Not Available

GRL Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

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