REG - Greatland Gold PLC - Exercise of Options and total voting rights

Greatland GoldAnnouncement

18/03/2022 07:00

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RNS Number : 1792F  Greatland Gold PLC  18 March 2022

 

18 March 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATIONS.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN.

Greatland Gold plc
("Greatland" or "the Company")

 

Exercise of Options

 

Greatland Gold plc (AIM:GGP), a mining development and exploration company
with a focus on precious and base metals, announces the exercise of share
options by a previous employee.

 

The Company has received a binding option exercise notices from a previous
employee for 6,000,000 options at various exercise prices, detailed below for
a total amount of £102,000.

 

 Director/Employee  Position        Number of Options  Exercise Price  Shares to be issued
 Previous employee  Not applicable  3,000,000          1.4p            3,000,000

                                    3,000,000          2.0p            3,000,000

 

As a result of these option conversions, 6,000,000 new ordinary shares are
expected to be admitted to trading on or around 31 March 2022 ("Admission").

 

Following Admission the total issued share capital of the Company will consist
of 4,052,547,171 ordinary shares.  As such the total number of voting rights
in the Company will be 4,052,547,171 ordinary shares.  This number may be
used by shareholders 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 Company under the FCA's Disclosure and Transparency
Rules.

 

 

 

Enquiries:

 

 Greatland Gold PLC                                                    +44 (0)20 3709 4900

 Shaun Day                                                             info@greatlandgold.com

                                                                       www.greatlandgold.com

 SPARK Advisory Partners Limited (Nominated Adviser)                   +44 (0)20 3368 3550

 Andrew Emmott/James Keeshan

 Berenberg (Joint Corporate Broker and Financial Adviser)              +44 (0)20 3207 7800

 Matthew Armitt/ Varun Talwar/Detlir Elezi

 Canaccord Genuity (Joint Corporate Broker and Financial Adviser)      +44 (0)20 7523 8000

 James Asensio/Patrick Dolaghan

 Hannam & Partners (Joint Corporate Broker and Financial Adviser)      +44 (0)20 7907 8500

 Andrew Chubb/Matt Hasson/Jay Ashfield

 SI Capital Limited (Joint Broker)                                     +44 (0)14 8341 3500

 Nick Emerson/Alan Gunn

 Luther Pendragon (Media and Investor Relations)                       +44 (0)20 7618 9100

 Harry Chathli/Alexis Gore

 

 

Notes for Editors:

 

Greatland Gold plc (AIM:GGP) is a mining development and exploration company
with a focus on precious and base metals. The Company's flagship asset is the
world-class Havieron gold-copper deposit in the Paterson region of Western
Australia, discovered by Greatland and presently under development in Joint
Venture with Newcrest Mining Ltd.

 

Havieron is located approximately 45km east of Newcrest's Telfer gold mine
and, subject to positive decision to mine, will leverage the existing
infrastructure and processing plant to significantly reduce the project's
capital expenditure and carbon impact for a low-cost pathway to development.
An extensive growth drilling programme is presently underway at Havieron with
a maiden Pre-Feasibility Study released on the South-East Crescent on 12
October 2021. Construction of the box cut and decline to develop the Havieron
deposit commenced in February 2021.

 

Greatland has a proven track record of discovery and exploration success. It
is pursuing the next generation of tier-one mineral deposits by applying
advanced exploration techniques in under-explored regions. The Company is
focused on safe, low-risk jurisdictions and is strategically positioned in the
highly prospective Paterson region. Greatland has a total six projects across
Australia with a focus on becoming a multi-commodity mining company of
significant scale.

 

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