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DJ Goldcrest Resources Plc Issue of Equity and Change of Corporate Adviser

 
TIDMGCRP 
 
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 GBP217,000 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 GBP70,000 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 GBP121,300 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 
 
 
 
END 
 

(END) Dow Jones Newswires

January 10, 2017 10:49 ET (15:49 GMT)