Surging share price forces Wishbone to announce debt discussions

Wishbone Gold’s share price rose quickly in afternoon trading on Wednesday - so much that the company’s board was forced to issue a statement.

The AIM-traded firm announced that it is currently in discussions with “various parties” in the UK and Middle East regarding debt funding of approximately £2m for its gold, precious minerals and gem trading operations.

“These discussions are advancing but there is no guarantee that they will result in the provision of debt funding,” the board stated.

At 1400 BST, shares in Wishbone Gold were ahead by 13.5% at 0.5p.