GoldStone Resources Lists 351.6 Million New Shares on AIM After Persistence Gold Subscription

Completion of Capital Raise Through Admission of Subscription Shares

GoldStone Resources has finalized the admission of 351,594,899 new ordinary shares of 1 penny each to AIM trading, completing the subscription agreement with Persistence Gold Group Ltd announced on 13 July 2026. The admission became effective at 8:00 a.m. on 23 July 2026, officially bringing the newly issued shares into full trading status on AIM. This capital injection significantly increases the company’s share capital, reinforcing its financial position for ongoing mining and exploration activities.

The Subscription Shares rank pari passu with existing ordinary shares, ensuring equal rights, preferences, and privileges. Each share carries one voting right, guaranteeing that Persistence Gold Group Ltd and other shareholders have identical economic and voting benefits. The company confirmed it holds no ordinary shares in treasury, providing transparency on the issued share capital and voting structure.

Total Voting Rights Now Exceed 1.67 Billion Shares

Following the admission, GoldStone Resources’ issued ordinary share capital totals 1,677,425,013 shares of 1 penny each, representing the company’s total voting rights as of 23 July 2026. Each share carries one vote, establishing a straightforward voting framework. The absence of treasury shares means this figure accurately reflects the full issued voting share capital.

This voting rights figure assists shareholders in regulatory compliance under the FCA’s Disclosure Guidance and Transparency Rules. Shareholders must notify the company and market when their holdings cross specified thresholds. The denominator of 1,677,425,013 shares is the key reference point for determining notification requirements, promoting market transparency and proper identification of significant shareholding movements.

Akrokeri-Homase Gold Project Boasts 602,000 Ounce JORC Resource

GoldStone Resources is an AIM-listed mining and development company with gold projects across Ghana, ranging from early exploration to production. Its flagship asset is the Akrokeri-Homase project in southwestern Ghana, which hosts a JORC Code compliant resource of 602,000 ounces of gold at an average grade of 1.77 grams per tonne, underpinning the company’s development and production plans.

The project benefits from a rich geological and operational history within a 4-kilometre zone of the Homase Trend, including Homase North, Homase Pit, and Homase South. It encompasses two former mines: the Akrokerri Ashanti Mine, which produced 75,000 ounces at 24 g/t in the early 1900s, and the Homase Pit, operated by AngloGold Ashanti in 2002-2003, which yielded 52,000 ounces at 2.5 g/t. GoldStone is currently focusing production on the Homase Mine while seeking to expand resources within the project area.

Strategic Expansion Into Sierra Leone Gold Assets

In addition to its Ghana operations, GoldStone Resources has expanded into Sierra Leone, acquiring a 50% interest in a gold project adjacent to the Boamuhun Gold Mine, which holds an estimated 5.8 million ounces of gold. This acquisition diversifies GoldStone’s geographic footprint within West Africa’s prolific gold regions and offers exploration upside.

Preliminary work on the Sierra Leone project has revealed grades around 12 grams per tonne, indicating potential for economically viable ore. Proximity to the Boamuhun Gold Mine and encouraging grades support GoldStone’s strategy to build a portfolio focused on the Birimian Gold Belt, a highly prospective geological formation spanning multiple West African countries. This approach aims to diversify production and exploration while leveraging proven gold-bearing regions.

AIM Listing and Corporate Governance Compliance

GoldStone Resources operates as an AIM-quoted company, providing investors access to the London Stock Exchange’s secondary market tailored for smaller and mid-sized growing companies. AIM offers a flexible regulatory environment with rigorous disclosure and governance standards. GoldStone’s AIM status subjects it to the FCA’s Disclosure Guidance and Transparency Rules, ensuring timely disclosure of material information and proper notification of significant shareholding changes.

The admission of Subscription Shares on 23 July 2026 demonstrates GoldStone’s compliance with AIM listing rules governing capital increases. The company maintained transparent communication throughout the subscription process, announcing the Persistence Gold Group Ltd subscription on 13 July 2026 before completing admission ten days later. This phased approach follows standard AIM practice, providing shareholders and investors with clarity on transaction timing and status.

Persistence Gold Group Ltd Subscription Signals Strong Investor Confidence

The subscription agreement with Persistence Gold Group Ltd, culminating in the admission of 351,594,899 shares, represents a significant capital infusion. Completed in July 2026, the raise reflects Persistence Gold Group Ltd’s confidence in GoldStone’s development prospects, particularly the Akrokeri-Homase project and broader West African exploration portfolio. The substantial subscription underscores a major financial commitment by the investor.

New shares rank pari passu with existing shares, ensuring equal economic rights and protecting existing shareholders from preferential treatment. This structure confirms that Persistence Gold Group Ltd’s investment carries the same risk and reward profile as other equity holders. The successful admission confirms that all regulatory requirements were met and no legal or procedural barriers impeded the shares’ AIM listing.

Regulatory Disclosure and Shareholder Notification Requirements

GoldStone Resources emphasizes the importance of the total voting rights figure for shareholder notification under the FCA’s Disclosure Guidance and Transparency Rules. The figure of 1,677,425,013 shares serves as the denominator for shareholders to determine whether they must notify changes in their interests, triggered at thresholds such as 3%, 5%, 10%, and other increments depending on shareholding size.

Providing the updated voting rights figure immediately after admission is standard regulatory practice, ensuring shareholders have accurate data for compliance. Shareholders whose holdings have been diluted or materially changed by the new share issuance may cross notification thresholds, either triggering or removing disclosure obligations. GoldStone’s clear communication aids shareholders in meeting FCA requirements and avoiding inadvertent breaches.

West African Gold Operations and Growth Strategy

Operating within West Africa’s renowned gold-producing region, GoldStone focuses on Ghana’s Akrokeri-Homase project and has expanded into Sierra Leone near the Boamuhun Gold Mine. These locations lie within the Birimian Gold Belt, a highly prospective geological formation attracting major gold producers. GoldStone’s strategy involves building a portfolio of high-quality gold projects to capitalize on the region’s geological potential.

Historical production at Akrokeri-Homase’s predecessor mines—the early 1900s Akrokerri Ashanti Mine and the 2002-2003 Homase Pit—demonstrates economic viability despite grade declines from 24 g/t to 2.5 g/t. GoldStone combines current production at the Homase Mine with exploration and development efforts across the project area, complemented by international expansion into Sierra Leone. This diversified approach aims to establish a sustainable and growing gold production business.

Share Capital Structure and Treasury Share Status

GoldStone Resources maintains a simple share capital structure with all issued ordinary shares in circulation and no treasury shares held. This transparency clarifies the issued share capital and avoids complexities related to treasury shares, which can affect voting rights calculations and shareholder notification thresholds.

The admission of 351,594,899 new shares increased the issued share capital to 1,677,425,013 shares. Without treasury share cancellations or reissues, the dilution impact on existing shareholders is clear and quantifiable. Investors can easily assess how the Persistence Gold Group Ltd subscription affects their ownership percentages by comparing prior holdings to the updated total voting rights figure.