REG - Great Southrn.Copper - Admission of Shares and Director/PDMR Shareholding

Great Southern CopperAnnouncement

19/05/2023 08:15

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RNS Number : 0180A  Great Southern Copper PLC  19 May 2023

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.

 

19 May 2023

 

Great Southern Copper plc

("GSC" or the "Company")

 

Admission of Shares and Director/PDMR Shareholding

 

Further to the announcement on 15 May 2023, Great Southern Copper plc (LSE:
GSCU), the company focused on copper-gold exploration in Chile, announces that
the admission of the 41,749,998 new ordinary shares to trading on the main
market of the London Stock Exchange plc, became effective at 8.00am this
morning.

 

The 41,749,998 new ordinary shares of 1p each, at a price of 1.2p per ordinary
share for a total amount of £501,000, were issued as part of the £1,002,000
fundraise.

 

Director Participation

All of the Directors of the Company participated in the fundraise and
subscribed, in aggregate, for 3,333,332 shares. Details of the subscriptions
by Directors are as follows:

 

 Name           Existing shareholding  Number of Placing Shares subscribed for  Resulting shareholding on Admission  Percentage of issued share capital on Admission

 Charles Bond   1,260,311              833,333                                  2,093,644                            0.82%
 Sam Garrett    4,926,878              833,333                                  5,760,211                            2.26%
 Nick Briers    200,000                833,333                                  1,033,333                            0.41%
 Stuart Greene  100,000                833,333                                  933,333                              0.37%

 

Total Voting Rights

The total number of issued shares and the total number of voting rights in the
Company is 255,086,409. The above 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 20 4582 3500

 SI Capital Limited
 Nick Emerson                              +44 (0)14 8341 3500

 Gracechurch Group
 Harry Chathli, Alexis Gore, Henry Gamble  +44 (0)20 4582 3500

 

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)  Name

                                              Company directors/officers:

                                              1. Charles Bond - Chairman

                                              2. Sam Garrett - Chief Executive Officer

                                              3. Nick Briers - Non-Executive Director

                                              4. Stuart Greene - Non-Executive Director
 2.  Reason for the notification
 a)  Position/status                          See 1(a) above for all positions
 b)  Initial notification/Amendment           Initial Notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer, or auction monitor
 a)  Name                                     Great Southern Copper plc
 b)  LEI                                      213800RF6N9WA8PZH313
 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 financial instrument  Ordinary Shares of 1 pence each
 b)  Identification code                      ISIN: GB00BLB5BF24
 c)  Nature of the transactions               Purchase of Ordinary Shares
 d)  Price(s) and volume(s)                   Price           Volume(s)
                                              1.    1.2p      1.    833,333

                                              2.    1.2p      2.    833,333

                                              3.    1.2p      3.    833,333

                                              4.    1.2p      4.    833,333

 

 e)  Aggregated information                   Price  Volume(s)

                                        1.2p   3,333,332
     -     Aggregated volume

     -     Price

 

 f)  Date of the transactions                 19 May 2023
 f)  Place of the transactions                London Stock Exchange

 

 

e)

Aggregated information

-     Aggregated volume

-     Price

 Price  Volume(s)
 1.2p   3,333,332

 

 

f)

Date of the transactions

19 May 2023

f)

Place of the transactions

London Stock Exchange

 

About Great Southern Copper

 

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

 

The two projects comprise the San Lorenzo Project, northeast of the coastal
town of La Serena in northern Chile, and the Especularita Project located
approximately 170km to the south of the San Lorenzo project. The two
early-stage Cu-Au exploration projects are within the same coastal
metallogenic belt as other major deposits including Teck's Andacollo copper
and gold mine. 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 key metal in the clean energy transition around the world. The
Company is actively engaged in a two-year exploration and evaluation work
programme targeting principally large tonnage, low to medium grade porphyry
style Cu-Au deposits.

 

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

 

 

 

 

 

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