Issue of Equity

Posted in 2014

The Company announces that it has raised £50,000 before expenses through the issue of 90,909,090 new ordinary shares of 0.05p at a price of 0.055p each. Funds will be utilised for working capital purposes as the Company seeks to progress its existing and future interests.

Frederick Bell, Managing Director commented: “We are pleased to have received additional support from investors and look forward to making announcements in due course on our progress.”

Following the issue of the 90,909,090 new ordinary shares, Goldcrest has 1,130,802,876 Ordinary Shares in issue, which also represents the total number of voting rights in the Company. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The Directors of the Issuer accept responsibility for this announcement.

 

--ENDS--

 

Goldcrest Resources plc

Frederick Bell,

Managing Director

Tel: 0755 4872 794

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John Watkins,

Chairman

Tel: 01483 771992

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Cairn Financial Advisers LLP

Avi Robinson / Jo Turner

Tel: 020 7148 7900