Termination of Akoko Gold Project Acquisition

Written by niall. Posted in 2016

Termination of Akoko Gold Project Acquisition

Goldcrest Resources plc advises that the conditional sale and purchase agreement between Castle Minerals Limited ("Castle") and Goldcrest for the acquisition of the Akoko prospecting license has been automatically terminated.

As announced on 28 May 2015, the agreement dated 21 May 2015 was conditional on the shares of Goldcrest being admitted to trading on the AIM market of the London Stock Exchange within 12 months of the date of the agreement.

The Company and Castle are in discussions to consider revising terms for a possible new sale and purchase agreement.

The Directors of the Issuer accept responsibility for this announcement.

--ENDS--

ENQUIRIES:

Goldcrest Resources plc

Niall Tomlinson, Director

Tel: 020 3053 3631

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Cairn Financial Advisers LLP

Jo Turner

Tel: 020 7148 7900



St Brides Partners Ltd

Susie Geliher / Lottie Brocklehurst

Tel: 020 7236 1177