REG - Greatland Gold PLC - Issue of New Shares

Greatland GoldAnnouncement

11/11/2022 10:45

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RNS Number : 1577G  Greatland Gold PLC  11 November 2022

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11 November 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")

 

Issue of new shares

 

Greatland Gold plc (AIM:GGP), a mining development and exploration company
with a focus on precious and base metals, announces that an application will
be made to the London Stock Exchange for 13,443,391 new fully paid ordinary
shares ("New Ordinary Shares") to be admitted to trading on AIM ("Admission").

 

The New Ordinary Shares will have an issue price of 7.65 pence per share
(being the 5-day VWAP to 9 November 2022) and will be issued conditional on
Admission.  The shares are being issued in satisfaction of the Company's
obligations to pay financial advisory service fees to a third party for advice
in respect of the Havieron 5% option process which culminated in Greatland
retaining 30% ownership of Havieron, as announced in August 2022.

 

Admission is expected to occur at 8.00am on 17 November 2022.

 

 

Admission of shares and total voting rights

 

Following Admission, the total issued share capital of the Company will
consist of 5,015,876,282 ordinary shares.  As each ordinary share carries the
right to one vote, the total number of voting rights in the Company will be
5,015,876,282.  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                                                info@greatlandgold.com

 Shaun Day                                                         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/Jennifer Lee/Jack Botros

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

 James Asensio/Patrick Dolaghan

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

 Nick Emerson/Sam Lomanto

 Gracechurch Group (Media and Investor Relations)                  +44 (0)20 4582 3500

 Harry Chathli/Alexis Gore/Henry Gamble

 

 

 

Notes for Editors:

 

Greatland Gold plc (AIM:GGP) is a mining development and exploration company
with a focus on precious and base metals in Australia.

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 of six projects
across Australia with a focus on becoming a multi-commodity mining company
of significant scale.

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