REG - Great Southrn.Copper - Issue of Shares and Director/PDMR Shareholdings

Great Southern CopperAnnouncement

19/11/2024 10:30

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RNS Number : 8077M  Great Southern Copper PLC  19 November 2024

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 November 2024

 

Great Southern Copper plc

("GSC" or the "Company")

 

Issue of Shares and Director/PDMR Shareholdings

 

Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold
exploration in Chile, announces that it has issued 1,168,580 new ordinary
shares of 1p each ("New Ordinary Shares") to Charles Bond, Chairman of Great
Southern Copper, in accordance with the terms of Mr. Bond's letter of
appointment whereby it was agreed his salary will be paid quarterly in
ordinary shares.

 

In addition, the Company has issued 2,862,583 New Ordinary Shares in respect
to the following:

 

·    1,272,250 at £0.012 per share issued to a consultant in lieu of
services provided during 2024.

·    1,590,333 at £0.012 per share as part payment to the vendors of the
San Lorenzo project under an option agreement with the Company.

 

The New Ordinary Shares issued to Mr. Bond represent the share compensation
due from 1 April 2024 to 30 September 2024. The details of the issuance are
set out below:

 

 Period                   Value of share issuance GBP£   Number of New Ordinary Shares issued  Number of ordinary shares held following the issuance  Percentage of the enlarged ordinary share capital

 1/04/2024 - 30/06/2024   £8,568                         646,611

 1/07/2024 - 30/09/2024   £8,002                         521,969                               6,570,230                                              1.28%

 

Admission and Total Voting Rights

Application has been made for the 4,031,163 New Ordinary Shares, which will
rank pari passu in all respects with the existing ordinary shares in the
Company, and will be admitted to the Official List and to trading on the Main
Market of the London Stock Exchange, which is expected to occur on or around
8.00 a.m. on 21 November 2024 ("Admission"). In addition, a further 606,949
New Ordinary Shares will be applied for in relation to the issuance to Mr.
Bond in January and April 2024 as previously announced.

 

Following admission, the total number of issued shares and the total number of
voting rights in the Company is 514,643,990. 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 (0) 20 4582 3500

 SI Capital Limited
 Nick Emerson                              +44 (0) 1483 413500

 Capital Plus Partners
 Keith Swann                               +44 (0) 203 8216167

 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                                                         Charles Bond

 2   Reason for the notification
 a)  Position/status                                              Chairman
 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                                    Shares issued in lieu of salary

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

                                                            1.325p*   646,611
                                                                  1.533p**  521,969

 

                                                                  * weighted average share price from 1 April 2024 to 30 June 2024

                                                                  ** weighted average share price from 1 July 2024 to 30 September 2024

 e)  Date of the transaction                                        21 November 2024

 f)  Place of the transaction                                     Outside of trading venue - issued of new ordinary shares

 

* weighted average share price from 1 April 2024 to 30 June 2024

** weighted average share price from 1 July 2024 to 30 September 2024

 

e)

Date of the transaction

 

  21 November 2024

 

f)

Place of the transaction

Outside of trading venue - issued of new ordinary shares

 

 

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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