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

Great Southern CopperAnnouncement

14/12/2023 08:15

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RNS Number : 8214W  Great Southern Copper PLC  14 December 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.

 

14 December 2023

 

Great Southern Copper plc

("GSC" or the "Company")

 

Admission of Shares and Director/PDMR Shareholding

 

Further to the announcements on 23 November 2023 and on 7 December 2023, Great
Southern Copper plc (LSE: GSCU), the company focused on copper-gold and
lithium exploration in Chile, is pleased to announce that admission of
88,102,802 new ordinary shares to listing on the Official List of the
Financial Conduct Authority ("FCA") and to trading on the Main Market of the
London Stock Exchange("Admission"), became effective at 8.00 a.m. this
morning.

 

Details of new shares admitted

 

·    40,222,206 new ordinary shares of 1p each, at a price of £0.0225 per
share, for a total amount of £905,000 through a placing and subscription
("Placing and Subscription" or "Fundraising");

 

·    41,749,995 new ordinary shares at £0.012 per share, arising on
conversion of a convertible loan pursuant to the agreement entered into
between the Company and its major shareholder Foreign Dimensions Pty Ltd dated
and announced on 15 May 2023;

 

·    4,436,834 new ordinary shares at £0.012 per share (in the case of
Samuel Garrett) and at £0.0139, £0.0145 and £0.0227 (in the case of Charles
Bond, Chairman, being quarterly VWAPs) and at £0.227 (in the case of Paul
Williams, former CFO), pursuant to an arrangement between the Company and
these individuals pursuant to which some or all of their respective salary has
been sacrificed and accrued; and

 

·    1,693,767 new ordinary shares at £0.012 per share as part payment to
the vendors of the San Lorenzo project under an option agreement with the
Company dated 8 July 2023.

 

Director participation

The Directors of the Company participated in the Fundraising and subscribed,
in aggregate, for 3,333,332 new ordinary shares. Details of the subscriptions
by Directors are as follows:

 

 Name           Existing shareholding  Number of new ordinary shares subscribed for  Salary sacrifice shares  Shareholding on Admission  Percentage of issued share capital on Admission
 Charles Bond   2,093,644              444,444                                       1,423,280                3,961,368                  1.15%
 Sam Garrett    5,760,211              2,222,222                                     2,881,402                10,863,835                 3.17%
 Nick Briers    1,033,333              444,444                                                                1,477,777                  0.43%
 Stuart Greene  933,333                222,222                                                                1,155,555                  0.34%
                9,820,521              3,333,332                                     4,304,682                17,458,535                 5.09%

 

 

Total voting rights

The total number of issued shares and the total number of voting rights in the
Company is 343,189,211. 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 FCA'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

 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                                                         1.    Charles Bond - Chairman

                                                                  2.    Samuel Garrett - Chief Executive Officer

                                                                  3.    Nicholas Briers - Non-Executive Director

                                                                  4.    Stuart Greene - Non-Executive Director

 2   Reason for the notification
 a)  Position/status                                              See 1(a) above
 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, type of instrument  Ordinary shares of 1 pence each

     Identification code

                                                                  GB00BLB5BF24
 b)  Nature of the transaction                                    A.    Subscription for shares

                                                                  B.    Satisfaction of accrued salary for Charles Bond and Samuel Garrett

 c)  Price(s) and volume(s)                                       Price(s)         Volume(s)

                                                            A

                                                                  1.    2.25p      444,444

                                                                  2.    2.25p      2,222,222

                                                                  3.    2.25p      444,444

                                                                  4.    2.25p      222,222

                                                                  B

                                                                  1.    1.39p      511,710

                                                                  1.    1.45p      579,137

                                                                  1.    2.27p      332,433

                                                                  2.    1.20p      2,881,402

 d)  Aggregated information

     Aggregated volume                                            Subscription shares 3,333,332

     -      Price                                                 2.25p

     Aggregated volume                                            Salary sacrifice shares 4,304,682

     -      Price                                                 As box c

 e)  Date of the transaction                                      14 December 2023

 f)  Place of the transaction                                     London Stock Exchange

d)

Aggregated information

 

Aggregated volume

 

-      Price

 

Aggregated volume

 

-      Price

 

 

 

Subscription shares 3,333,332

 

2.25p

 

Salary sacrifice shares 4,304,682

 

As box c

 

 

 

e)

Date of the transaction

 

14 December 2023

 

f)

Place of the transaction

London Stock Exchange

 

 

About Great Southern Copper

 

Great Southern Copper PLC is a UK-listed mineral exploration company focused
on the discovery of copper-gold and lithium 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. In addition, the Company has the option to acquire rights to 100% of
a lithium project located in the Salar de Atacama district of Chile. 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 San Lorenzo and Especularita
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.

The Company's Monti Lithium project is strategically located in the pre-Andean
region of Salar de Atacama which is Chile's premier lithium-producing region
with well-established lithium mining operations and infrastructure.

 

Great Southern Copper is strategically positioned to support the global market
for copper and lithium - both critical battery metals 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 and Li deposits as well as high-grade 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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