REG - Great Southrn.Copper - Exercise of Warrants

Great Southern CopperAnnouncement

25/06/2025 07:00

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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 (https://gscplc.com)

 

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