TIDMGGP

RNS Number : 8363G

Greatland Gold PLC

29 July 2021

29 July 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Gold plc

("Greatland" or "the Company")

Exercise of Options and Director Dealing

Greatland Gold plc (AIM:GGP), the precious and base metals mining and exploration company and Joint Venture owner of the world class Havieron gold-copper project , announces the exercise of options and sale of shares by Clive Latcham, Non-Executive Director.

The Company has received a binding option exercise notice from Clive Latcham, Non-Executive Director, for 250,000 options at 3.0 pence per share for a total consideration of GBP7,500. As a result of the option conversion, 250,000 new ordinary shares are expected to be admitted to trading on or around 4 August 2021 ("Admission").

The Company has also been notified that Clive Latcham has sold 250,000 ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares") at a price of 17.5125 pence for a total consideration of GBP43,781 on 28 July 2021.

Following the option exercise and sale of shares, Clive Latcham has no holding of Ordinary Shares, and retains 11,500,000 share options in the Company at various strike prices.

Total Voting Rights

Following Admission, the total issued share capital of the Company will consist of 3,947,520,143 ordinary shares. As such the total number of voting rights in the Company will be 3,947,520,143 ordinary shares. This number may 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 notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)                                     Company directors/officers: 
        Name                             Clive Latcham   Non-Executive Director 
                                                        ----------------------- 
     -------------------------------  -------------------------------------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                  See 1(a) above for all positions - 
                                        all classified as PDMRs of the Company 
     -------------------------------  -------------------------------------------------------------- 
 b)   Initial notification/Amendment   Initial Notification 
     -------------------------------  -------------------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                             Greatland Gold plc 
     -------------------------------  -------------------------------------------------------------- 
 b)   LEI                              213800KMN7LDF4VRPQ10 
     -------------------------------  -------------------------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------------------------------- 
 a)   Description of the               Ordinary Shares of 0.1 pence each 
       financial instrument 
     -------------------------------  -------------------------------------------------------------- 
 b)   Identification code              GB00B15XDH89 
     -------------------------------  -------------------------------------------------------------- 
 c)   Nature of the transactions       Exercise of Options over Ordinary Shares 
                                        & Sale of Shares 
     -------------------------------  -------------------------------------------------------------- 
 d)   Price(s) and volume(s)           Clive Latcham Date       Transaction          Amount    Price 
                                                     Type 
                                         28 July    Exercise of 
                                          2021       Options             250,000   3.0p 
                                                   -------------------  --------  --------- 
                                         28 July    S ale of Ordinary 
                                          2021       Shares              250,000   17.5125p 
                                                   -------------------  --------  --------- 
     -------------------------------  -------------------------------------------------------------- 
 e)   Aggregated information             Transaction Type           Amount    Price 
       - Aggregated volume                Exercise of Options        250,000   3.0p 
       - Price                                                      --------  --------- 
                                          Sale of Ordinary Shares    250,000   17.5125p 
                                                                    --------  --------- 
     -------------------------------  -------------------------------------------------------------- 
 f)   Date of the transactions         28 July 2021 
     -------------------------------  -------------------------------------------------------------- 
 g)   Place of the transactions        London Stock Exchange, AIM Market (XLON) 
     -------------------------------  -------------------------------------------------------------- 
 

Enquiries:

 
 Greatland Gold PLC                                  +44 (0)20 3709 4900 
  Shaun Day/Callum Baxter                             info@greatlandgold.com 
                                                      www.greatlandgold.com 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser) 
  Andrew Emmott/James Keeshan                        +44 (0)20 3368 3550 
 
 Berenberg (Joint Corporate Broker and Financial 
  Adviser) 
  Matthew Armitt/Jennifer Wyllie/Detlir Elezi        +44 (0)20 3207 7800 
 
 Canaccord Genuity (Joint Corporate Broker 
  and Financial Adviser) 
  James Asensio/Patrick Dolaghan                     +44 (0)20 7523 8000 
 
 Hannam & Partners (Joint Corporate Broker 
  and Financial Adviser) 
  Andrew Chubb/Matt Hasson/Jay Ashfield              +44 (0)20 7907 8500 
 
 SI Capital Limited (Joint Broker) 
  Nick Emerson/Alan Gunn                             +44 (0)14 8341 3500 
 
 Luther Pendragon (Media and Investor Relations) 
  Harry Chathli/Alexis Gore/Joe Quinlan              +44 (0)20 7618 9100 
 

Notes for Editors:

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.

The Company's flagship asset is the world class Havieron gold-copper project in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.

The box cut for the decline to develop the Havieron ore body was commenced in February 2021. The portal was complete in April 2021 and the decline commenced later that month. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with preparation of a Pre-Feasibility Study ("PFS"). Newcrest is managing the preparation of the PFS which is expected to be released in H2 2021.

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration programme and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is actively investigating a range of new opportunities in Australia for precious and strategic metals and will update the market on new opportunities as and when appropriate.

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END

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July 29, 2021 02:00 ET (06:00 GMT)

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