Brief: Goldstone Resources Agrees Standstill Arrangement With AIMSL In Respect Of A Gold Loan Deal

Goldstone Resources

03/01/2024 07:35

Jan 3 (Reuters) - GoldStone Resources Ltd  GRL.L :
    * COMPANY WILL SEEK TO APPOINT AN OPERATIONAL MANAGEMENT
TEAM,
PROCURED BY NGUVU MINING LIMITED
    * AGREED A STANDSTILL ARRANGEMENT WITH AIMSL IN RESPECT OF
GOLD
LOAN AGREEMENT DATED 19 JUNE 2020
    * DURING STANDSTILL PERIOD, AIMSL HAS FURTHER AGREED NOT TO
INITIATE INSOLVENCY PROCEEDINGS AGAINST COMPANY
    * AS PART OF STANDSTILL AGREEMENT, AIMSL HAS BEEN GRANTED
RIGHT TO
NOMINATE A NON-EXECUTIVE DIRECTOR TO BOARD OF COMPANY
    * IN ADDITION, IT HAS BEEN AGREED THAT ANGELA LIST WILL
ASSUME
ROLE OF CHAIR OF BOARD

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