RE: RNS14 Jul 2022 14:47
The below was in todays RNS - seemed to indicate this related to the original agreement so probably where people now think the 5% deal is done.
§ Tranche 2: An additional 145,530,000 Greatland fully paid ordinary shares which was payable conditional on Greatland's ownership interest in Havieron reducing to 25% (or less) or a decision to mine at Havieron (whichever occurs earlier).
However the original Greatland release on this was below.
https://greatlandgold.com/wp-content/uploads/2016/09/20160926_Acquisition-of-Havieron-Project.pdf
We believe that the initial consideration of A$25,000 in cash and the issuance of 65,490,000
Ordinary Shares in (approximate value A$225,000), represents a very modest initial payment
given the potential at Havieron. We would also note that the second payment, the issuance
of an additional 145,530,000 Ordinary Shares, will only occur if a bankable feasibility study is
successfully completed and a decision to mine occurs at Havieron."