GOLDSTONE RESOURCES LIMITED

Director's Dealing • Sep 6, 2017

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RNS Number : 9678P

Goldstone Resources Ltd

06 September 2017

06 September 2017

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Director/PDMR Notifications

GoldStone Resources Limited (AIM: GRL), the West and Central Africa focused gold exploration company quoted on AIM, announces the following issues of ordinary shares of 1 penny each ("Ordinary Shares") to directors of the Company in lieu of salaries accrued in August 2017 ("Fee Shares"). As set out in the Company's announcements of 3 April 2017 and 2 June 2017, the Directors have agreed, in order to preserve cash, to convert salaries and fees through to the end of September 2017 into Ordinary Shares.

The number of Fee Shares to be issued in respect of such fees and salaries for August 2017 has been calculated by reference to the volume weighted average price of the Ordinary Shares for the period of 30 days prior to the 1 September 2017, being 1.54p.

The Fee Shares to be issued to each of the Directors in respect of accrued fees and salaries, for the month of August 2017, and the resulting interests in Ordinary Shares are set out below:

	Existing Holding	New Fee Shares	Resultant Holding	Resultant Percentage Holding
Neil Gardyne	890,797	129,981	1,020,778	0.69%
Emma Priestley	3,711,630	541,588	4,253,218	2.87%
Richard Lloyd	890,797	129,981	1,020,778	0.69%

Admission and Total Voting Rights

Application will be made for the 801,550 Fee Shares to be admitted to trading on AIM ("Admission").  Admission and dealings are expected to commence at 8.00 a.m. on 13 September 2017.  On Admission, the Company will have 148,968,523 Ordinary Shares in issue.

The Company does not currently hold any Ordinary Shares in treasury.  Accordingly, the above figure of 148,968,523 may 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 in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information, please contact:

GoldStone Resources Limited
Emma Priestley/ Neil Gardyne	Tel: +44 (0)20 7830 9650 / +27 (0)82 490 4427
Strand Hanson Limited
Richard Tulloch / James Bellman	Tel: +44 (0)20 7409 3494
SI Capital Limited
Nick Emerson / Andy Thacker	Tel: +44 (0)1483 413 500

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Neil Gardyne

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Goldstone Resources Limited

b)

LEI

213800B7ATYRPQUTS551

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited

Identification code

JE00BRJ8YF63

b)

Nature of the Transaction

Receipt of Ordinary Shares in lieu of director fees

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.01539	129,981

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

6 September 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emma Priestley

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Goldstone Resources Limited

b)

LEI

213800B7ATYRPQUTS551

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited

Identification code

JE00BRJ8YF63

b)

Nature of the Transaction

Receipt of Ordinary Shares in lieu of director fees

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.01539	541,588

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

6 September 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Lloyd

2.

Reason for the Notification

a)

Position/status

Director of the Company

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Goldstone Resources Limited

b)

LEI

213800B7ATYRPQUTS551

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 1 penny each in the share capital of the Goldstone Resources Limited

Identification code

JE00BRJ8YF63

b)

Nature of the Transaction

Receipt of Ordinary Shares in lieu of director fees

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.01539	129,981

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

6 September 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

Date of notifications: 6 September 2017

- END -

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted exploration company with projects in Ghana, Senegal, and Gabon that range from grassroots to advanced exploration.

The Company is focused on developing the Homase-Akrokerri project in south-western Ghana, which hosts an existing 602,000 oz gold JORC Code compliant resource at an average grade of 1.77g/t, along strike from the Obuasi Gold Mine, one of the World's major gold mines with a total historical and current resource in excess of 70 million ounces of gold.  It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.

This information is provided by RNS

The company news service from the London Stock Exchange

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