Accra: GoldStone Resources Limited, the West African-focused gold producer listed on London's AIM, has seen its shareholders decisively reject the re-appointment of Ms. Angela List as its Director during the company's Annual General Meeting.
According to Ghana News Agency, while most resolutions were approved, shareholders firmly opposed Resolution 3, which sought to re-appoint Ms. Angela List as a Director. The motion received only 19.23% of votes in favor, with 80.77% voting against, ending her tenure on the board immediately.
Additionally, the statement revealed that Resolution 7, aimed at authorizing directors to issue up to 474.6 million new shares-approximately half of the company's issued share capital-was also defeated, with 37.04% of shareholders voting against it. Following the meeting, the board appointed Campbell Smyth as Interim Non-Executive Chairman.
The AGM unfolded amid unexpected disclosures by former Chairman Bill Trew, who revealed a takeover offer submitted to the board in April 2025, which had been rejected. GoldStone confirmed it launched an investigation into how Mr. Trew obtained confidential information.
On the operational front, the company reported producing 213.7 troy ounces of gold in July 2025, noting that output was lower due to low-grade ore currently being mined at its Homase project in Ghana's Ashanti Belt. Management mentioned ongoing discussions with potential funding partners and stated that a further general meeting could be convened if renewed approval for share issuance becomes necessary.
GoldStone Resources operates the Akrokeri-Homase gold project in Ghana, a site with a rich history of high-grade production since the early 1900s. The rejection of Angela List's re-appointment is seen in light of numerous scandals and allegations of abuse of office and corruption involving her.
It was established that Angela List, the embattled CEO of Adamus Resources Limited and self-proclaimed director of BCM Ghana Limited, is facing serious allegations that could further tarnish her reputation within Ghana's mining and business sectors. The Economic and Organised Crime Office (EOCO) is investigating a petition from businessman Michael Benziecie, who accuses Angela List and her associate, Rebecca Donkor, of defrauding him of $100,000 under the pretense of granting access to a lucrative mining concession.
Benziecie claims the deal was brokered after a personal introduction to List by Mr. Martin Ayisi, the Chief Executive Officer of the Minerals Commission. According to the complaint, Benziecie paid $100,000 in two tranches-$50,000 on March 19 and another $50,000 later-after being promised access to a site near Adamus's operations. The arrangement reportedly included a 20% stake in the venture, divided between List (15%) and Donkor (5%). Despite submitting all required documentation and receiving assurances from List at a meeting in East Legon, Benziecie was barred from the site by security forces.
