Appointment of New Chairman

 This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR

26 November 2024

Wishbone Gold Plc

("Wishbone" or the "Company")

Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

Appointment of New Chairman

Wishbone Gold Plc is pleased to announce the appointment of Anthony ("Tony") Moore as the Chairman of the Company with immediate effect.

Tony graduated from Exeter University and entered the City in 1968. In 1983 he established and ran the Goldman Sachs office in Hong Kong which at the time was only the firm's second office in Asia. In 1988 he returned to London with Goldman Sachs and worked on various mandates including the privatisation of the UK electricity industry.  

Since leaving Goldman Sachs in 1991, Tony has founded and been executive chairman of companies providing corporate finance and asset management services to a wide variety of companies across a range of sectors.  He has lived and worked in the USA, UK, France, Japan and Hong Kong and has done business in 30 or more countries worldwide. In addition, Tony has chaired or been a non-executive director ("NED") of multiple public and private companies in the USA, UK, Europe and Hong Kong.

Tony brings with him a wealth of contacts with companies in natural resources, water provision and other areas of interest to Wishbone. 

Richard Poulden, commented:

"I have known Tony for many years and hold him in high regard. With Tony's appointment as Chairman I will step back to be Deputy Chairman. This is a pivotal time for the Company as we will be making further management appointments in due course and are looking to expand the number of businesses in the Wishbone portfolio."

Anthony Moore, commented:

"Richard and I have worked together over many years and I look forward to working together again and taking Wishbone into new fields of expansion."

Information required to be disclosed under Schedule 2(g) of the AIM Rules:

Anthony Roger Moore, aged 79

Current Directorships                                        Past Directorships (within the last 5 years)

Evrensel Global Investments Inc                          Warm Home Group Limited

Evrensel Global Resources Ltd                            Evrensel Capital Partners PLC

Lyn Enterprises Ltd

Additional required disclosures:

(i)         In March 2011, the United States Securities and Exchange Commission ("SEC") decided to close off various matters concerning the Equus group of funds. It censured Mr Moore and accepted his offer to pay $25,000 over 12 months as a civil settlement and recorded the following summary of the details in their order:

"Moore, who controlled Equus's new investment adviser, knew about the senior vice president's stock-option premium before the new adviser took over on June 30, 2005. The same day, however, he sought reimbursement of $535,000 from the Fund for "unforeseen" expenses, most of which covered the stock-option premium. Moore did not inform Equus's board or its CFO that the reimbursement request related to the premium. Equus's subsequent Commission filings, signed by Moore, contained inaccurate statements relating to the premium payment. As a result of the foregoing, Moore violated or caused violations of antifraud and other provisions of the federal securities laws."

(ii)        Mr Moore was Executive Chairman/Director and majority owner of Evrensel Capital Partners PLC which was struck-off the Register of Companies in Jersey and the company dissolved on 01 November 2024. The Jersey Financial Services Commission ("JSFC") originally issued a public warning against this company for (apparently) engaging in activities for which it was not authorised. Mr Moore has confirmed to Wishbone that after investigation, the warning was withdrawn from the JSFC's website which now states, in relation to the aforesaid company amongst others, that it has decided to remove the statements from the live public statement section of its website "due to the passage of time or other relevant factors which have reduced regulatory relevance".

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com.

END

For further information, please contact:

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.