TIDMGGP
RNS Number : 9484S
Greatland Gold PLC
19 November 2021
19 November 2021
THIS ANNOUNCEMENT (INCLUDING THE IMPORTANT NOTICES) AND THE
INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
PLEASE SEE THE IMPORTANT NOTICES AT THE OF THIS ANNOUNCEMENT.
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 AMED. 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")
Result of Upsized Fundraise
Further to the announcements on 18 November 2021 in relation to
the Fundraise, Greatland Gold plc (AIM:GGP), a mining development
and exploration company with a focus on precious and base metals,
is pleased to announce the successful completion of the Fundraise
announced yesterday (the "Fundraise Announcement").
Following strong demand in the bookbuild, the total gross
proceeds from the Fundraise has increased from the minimum amount
of approximately US$10 million to approximately US$16 million
(GBP11.9 million). A total of 82,000,000 Placing Shares,
Subscription Shares and Retail Shares have been placed at an Issue
Price of 14.5p per New Ordinary Share. The Issue Price represents a
discount of approximately 10.5 per cent to the closing mid-market
share price of the Company's ordinary shares on 17 November
2021.
Berenberg and Canaccord acted as Joint Bookrunners and SI
Capital acted as Lead Manager in connection with the Placing.
Application will be made for the New Ordinary Shares to be
admitted to trading on the AIM market of the London Stock Exchange
plc. It is expected that Admission will become effective at
commencement of trading on 24 November 2021 and settlement is
expected to take place on the same date on a T+3 basis.
The Fundraise is conditional upon, inter alia, Admission
becoming effective and the Placing Agreement not being terminated
in accordance with its terms.
Total voting rights
Following Admission of the Placing Shares, Subscription Shares
and Retail Offer Shares the total number of ordinary shares of the
Company in issue will be 4,046,547,171. The Company does not hold
any ordinary shares in treasury. Therefore the total number of
voting rights in the Company will be 4,046,547,171 and this figure
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 in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
PDMR participation
The following directors and officers of the Company have agreed
to participate in the Subscription as follows:
Director/PDMR Number of Number of Number of Percentage
existing ordinary Subscription ordinary shares of enlarged
shares Shares to held on Admission share capital
be subscribed on Admission
for (%)
Shaun Day 0 375,000 375,000 0.009%
------------------- --------------- ------------------- ---------------
Christopher
Toon 0 110,000 110,000 0.003%
------------------- --------------- ------------------- ---------------
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the announcements
of the Company dated 18 November 2021.
Enquiries:
Greatland Gold PLC +44 (0)20 3709
Shaun Day 4900
info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated
Adviser) +44 (0)20 3368
Andrew Emmott/James Keeshan 3550
Berenberg (Joint Bookrunner)
Matthew Armitt/ Varun Talwar/Alamgir Ahmed +44 (0)20 3207
/Detlir Elezi 7800
Canaccord Genuity (Joint Bookrunner) +44 (0)20 7523
James Asensio/Patrick Dolaghan 8000
SI Capital Limited (Lead Manager) +44 (0)14 8341
Nick Emerson/Alan Gunn 3500
Luther Pendragon (Media and Investor Relations) +44 (0)20 7618
Harry Chathli/Alexis Gore 9100
IMPORTANT NOTICES
This Announcement has been issued by and is the sole
responsibility of the Company.
No action has been taken by the Company or any of their
respective affiliates, or any person acting on its or their behalf
that would permit an offer of the New Ordinary Shares or possession
or distribution of this Announcement or any other offering or
publicity material relating to such New Ordinary Shares in any
jurisdiction where action for that purpose is required. Persons
into whose possession this Announcement comes are required by the
Company to inform themselves about, and to observe, such
restrictions.
No prospectus will be made available in connection with the
matters contained in this Announcement and no such prospectus is
required (in accordance with the UK Prospectus Regulation) to be
published. Persons needing advice should consult a qualified
independent legal adviser, business adviser, financial adviser or
tax adviser for legal, financial, business or tax advice.
This Announcement and the information contained herein, is
restricted and is not for publication, release or distribution,
directly or indirectly, in whole or in part, in or into the United
States of America, its territories and possessions, any state of
the United States or the district of Columbia (collectively, the
"United States"), Australia, Canada, Japan, the Republic of South
Africa or any other jurisdiction in which such publication, release
or distribution would be unlawful. Further, this Announcement is
for information purposes only and is not an offer of securities in
any jurisdiction. This Announcement has not been approved by the
London Stock Exchange, nor is it intended that it will be so
approved.
Persons distributing this Announcement must satisfy themselves
that it is lawful to do so. This Announcement is for information
purposes only and shall not constitute or form part of any offer to
issue or sell, or the solicitation of an offer to acquire, purchase
or subscribe for, any securities in the United States, Australia,
Canada, Japan, the Republic of South Africa or any other
jurisdiction in which the same would be unlawful. Any failure to
comply with this restriction may constitute a violation of the
securities laws of such jurisdictions. No public offering of the
New Ordinary Shares is being made in any such jurisdiction.
The New Ordinary Shares have not been and will not be registered
under the Securities Act, or under the securities laws of any State
or other jurisdiction of the United States, and may not be offered,
sold or resold, directly or indirectly, in or into the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and in compliance with any applicable securities laws of any State
or any other jurisdiction of the United States. The New Ordinary
Shares are being offered and sold only outside the United States in
offshore transactions as defined in, and pursuant to, Regulation S.
All potential subscribers to the New Ordinary Shares (the
"Subscribers") and all prospective beneficial owners of the New
Ordinary Shares must, now and at the time the New Ordinary Shares
are subscribed for, be outside the United States and subscribing
for the New Ordinary Shares in an "offshore transaction" as defined
in, and in accordance with, Regulation S.
Certain statements contained in this Announcement constitute
"forward-looking statements" with respect to the financial
condition, performance, strategic initiatives, objectives, results
of operations and business of the Company. All statements other
than statements of historical facts included in this Announcement
are, or may be deemed to be, forward-looking statements. Without
limitation, any statements preceded or followed by or that include
the words "targets", "plans", "believes", "expects", "aims",
"intends", "anticipates", "estimates", "projects", "will", "may",
"would", "could" or "should", or words or terms of similar
substance or the negative thereof, are forward-looking statements.
Forward-looking statements include statements relating to the
following: (i) future capital expenditures, expenses, revenues,
earnings, synergies, economic performance, indebtedness, financial
condition, dividend policy, losses and future prospects; and (ii)
business and management strategies and the expansion and growth of
the Company's operations. Such forward-looking statements involve
risks and uncertainties that could significantly affect expected
results and are based on certain key assumptions. Many factors
could cause actual results, performance or achievements to differ
materially from those projected or implied in any forward-looking
statements. The important factors that could cause the Company's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
the macroeconomic and other impacts of the COVID-19
pandemic, economic and business cycles, geopolitical
developments, the terms and conditions of the Company's financing
arrangements, foreign currency rate fluctuations, competition in
the Company's principal markets, acquisitions or disposals of
businesses or assets and trends in the Company's principal
industry. Due to such uncertainties and risks, you are cautioned
not to place undue reliance on such forward-looking statements,
which speak only as of the date hereof. In light of these risks,
uncertainties and assumptions, the events described in the
forward-looking statements in this Announcement may not occur. The
forward-looking statements contained in this Announcement speak
only as of the date of this Announcement. The Company, its
Directors, their respective affiliates and any person acting on
their behalf each expressly disclaim any obligation or undertaking
to update or revise publicly any forward-looking statements,
whether as a result of new information, future events or otherwise,
unless required to do so by applicable law or regulation, the
Market Abuse Regulation, the rules of the London Stock Exchange or
the FCA.
This Announcement does not constitute a recommendation
concerning any Subscriber's investment decision with respect to the
Retail Offer. The price of shares and any income expected from them
may go down as well as up and Subscribers may not get back the full
amount invested upon disposal of the shares. Past performance is no
guide to future performance. The contents of this Announcement are
not to be construed as legal, business, financial or tax advice.
Each Subscriber or prospective Subscriber should consult his, her
or its own legal adviser, business adviser, financial adviser or
tax adviser for legal, financial, business or tax advice.
Neither the content of the Company's website (or any other
website) nor the content of any website accessible from hyperlinks
on the Company's website (or any other website) is incorporated
into or forms part of this Announcement.
This Announcement has been prepared for the purposes of
complying with applicable law and regulation in the United Kingdom
and the information disclosed may not be the same as that which
would have been disclosed if this Announcement had been prepared in
accordance with the laws and regulations of any jurisdiction
outside the United Kingdom.
If you are in any doubt about the contents of this Announcement
you should consult your stockbroker, bank manager, solicitor,
accountant or other financial adviser.
The Company has taken all reasonable care to ensure that the
facts stated in this Announcement are true and accurate in all
material respects, and that there are no other facts the omission
of which would make misleading any statement in the document,
whether of facts or of opinion. The Company accepts responsibility
accordingly.
It should be remembered that the price of securities and the
income from them can go down as well as up.
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END
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(END) Dow Jones Newswires
November 19, 2021 02:00 ET (07:00 GMT)
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