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  2. Share Prices
  3. Greatland Gold Share Price
  4. Greatland Gold Share News
  5. IN BRIEF: Greatland Gold to raise USD30 million through placing

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Greatland Gold Information

Share Price Information for Greatland Gold (GGP)

London Stock Exchange
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Share Price: 7.45
Bid: 7.30
Ask: 7.60
Change: 0.01 (0.14%)
Spread: 0.30 (4.11%)
Open: 7.30
High: 7.80
Low: 7.33
Prev. Close: 7.32
GGP Live PriceLast checked at -

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IN BRIEF: Greatland Gold to raise USD30 million through placing

Wed, 24th Aug 2022 17:50

Greatland Gold PLC - London-headquartered mine developer and explorer focused on Western Australia - Proposes to raise a minimum of USD30 million through a placing at a price of 8.2 pence per share. This will be conducted through a bookbuild process, it explains, and launches immediately. The issue price represents a 13% discount to the firm's closing price on Wednesday.

Company intends to use the proceeds to fund the continued development of Havieron in conjunction with joint venture partner, Newcrest Mining Ltd.

Greatland says Tribeca Investment Partners intends to provide a cornerstone investment through the placing of USD13.8 million. It has also agreed to work with the company to provide USD27.6 million of additional funding.

Current stock price: 9.39 pence

12-month change: down 44%

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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