Paracale Gold News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  GoldStone Resources Limited (AIM: GRL) is pleased to announce that Paracale Gold Ltd ( Paracale ) has exercised warrants to subscribe for 20,000,000 new ordinary shares of 1 penny each in the capital of the Company ( Ordinary Shares ) at a price of 1.2 pence per Ordinary Share (the Warrant Conversion Exercise ).   The Warrant Conversion Exercise proceeds will be set against the related loan of USD1,224,000 provided to the Company by Paracale on 28 December 2018, which accrues interest at a daily compound rate of 6% (the Loan ).  Accordingly, following the Warrant Conversion Exercise, the balance of the Loan will be reduced to USD723,669. Interest shall accrue on this outstanding principal balance in accordance with the terms of the Loan Agreement.

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