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.
FTSE AIM All-Share
744.32
17:04 23/09/24
n/a
n/a
Mining
11,749.13
16:49 23/09/24
2.14%
245.99
Wishbone Gold (DI)
0.37p
16:55 23/09/24
0.00%
0.00p
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.