Greatland Gold PLC Block Listing Application (9330B)
04 Febbraio 2020 - 1:50PM
UK Regulatory
TIDMGGP
RNS Number : 9330B
Greatland Gold PLC
04 February 2020
4 February 2020
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Block Listing Application
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM
listed precious and base metals exploration and development
business, announces that a block listing application has been made
to the London Stock Exchange for up to 225,813,513 new ordinary
shares of 0.1p each ("New Ordinary Shares") to be admitted to
trading on AIM. The New Ordinary Shares will be issued in
satisfaction of the 225,813,513 investor warrants ("Investor
Warrants") issued as part of the placing and subscription of new
ordinary shares in the capital of Greatland announced on 12 August
2019.
The Investor Warrants have an exercise price of 2.5p each and
can be exercised at any time up to 27 August 2021. The New Ordinary
Shares will, when issued, rank pari passu with the existing
ordinary shares in issue. It is expected that the block admission
will become effective on 10 February 2020.
Following admission, the Company's issued share capital remains
unchanged at 3,577,233,658 ordinary shares of 0.1p each. The
Company will make six-monthly announcements of the utilisation of
the Block Admission, in line with its obligations under AIM Rule
29.
Enquiries:
Greatland Gold PLC
Gervaise Heddle/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Numis Securities Limited (Joint Broker)
John Prior/Paul Gillam/Alamgir Ahmed
Tel: +44 (0)20 7260 1000
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +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 gold, copper and nickel exploration
projects.
The Company has six main projects; four situated in Western
Australia and two in Tasmania. All projects are 100% owned by
Greatland.
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper project in the Paterson region of Western
Australia. Newcrest has the right to earn up to a 70% interest in a
12-block area within E45/4701 that covers the Havieron target by
spending up to US$65 million.
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 also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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February 04, 2020 07:50 ET (12:50 GMT)
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