Letter of Intent

 

Goldcrest announces that it has signed a letter of intent with a third party to enter into a definitive share purchase agreement for the acquisition of a Ghanaian incorporated company which holds certain exploration licences in Ghana’s Upper East region (“Acquisition”). The Acquisition, if consummated, would not constitute a reverse takeover under ISDX Rules.

 

The non-binding letter of intent is conditional upon the negotiation, execution and delivery of a definitive agreement between the parties and expires on 31 January 2014.

 

The Directors of the Issuer accept responsibility for this announcement.

 

--ENDS--

 

ENQUIRIES:

 

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