Great Southrn.Copper - Exercise of Warrants

Great Southern Copper

25/06/2025 07:00

RNS Number : 2549O

Great Southern Copper PLC

25 June 2025

 

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.

 

25 June 2025

 

Great Southern Copper plc

("GSC" or the "Company")

 

 

Exercise of Warrants

 

 

Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and silver exploration in Chile, is delighted to announce that its largest shareholder, Foreign Dimensions Pty Limited ("Foreign Dimensions"), has partially exercised its warrant rights to subscribe for 10,416,667 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 2.4p per share for gross proceeds of £250,000. Foreign Dimensions has been a long-time supporter of the Company, and this additional funding will enable GSC to plan and commence Phase III of drilling at the Mostaza Mine, located on the Cerro Negro prospect at the Company's Especularita Project in Chile.

 

Admission to Trading and Total Voting Rights

 

Application for admission has been made to the London Stock Exchange plc for the admission of  these 10,416,667 new Ordinary Shares to trading on the Main Market, which is expected to become effective on or around 8.00am on 1 July 2025 ("Admission").

 

Following Admission, the total number of issued shares and the total number of voting rights in the Company will be 571,310,647. This figure should be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Enquiries:

 

Great Southern Copper plc
Sam Garrett, Chief Executive Officer
+44 (0)20 4582 3500
SI Capital Limited
Nick Emerson
+44 (0)14 8341 3500
BlytheRay
Tim Blythe / Megan Ray
+44 (0) 20 7138 3204
gsc@blytheray.com

 

About Great Southern Copper

 

Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold-silver deposits in Chile. The Company has the option to acquire rights to 100% of two projects in the under-explored coastal belt of Chile that are prospective for large scale copper-gold deposits. Chile is a globally significant mining jurisdiction being the world's largest copper producer and the second-largest producer of lithium.

 

The two early-stage Cu-Au projects comprise the Especularita and San Lorenzo Projects, both located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.

 

Great Southern Copper is strategically positioned to support the global market for copper - a critical battery metal in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au deposits as well as high-grade Cu-Au deposits.

 

Further information on the Company is available on the Company's website: https://gscplc.com

 

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