RE: A reminder for the doubters...27 Feb 2025 09:59
Wyloo's various GGP investments summarised below, fair to say they are fully supportive about GGP's future and without such perhaps GGP would not be where it is today.
- Wyloo provided a Working Capital Facility, which was repaid from the last capital raising, A$7.1million repaid in total.
- Wyloo will subscribe for 430,024,390 ordinary shares, priced at 8.2 pence per share, totalling A$60 million
- Wyloo will also receive warrants to subscribe for an additional 352,620,000 ordinary shares at an exercise price of 10.0 pence per share which, if exercised in full, will realise gross proceeds of approximately A$60m (c.£35m)
- Wyloo is pleased to support Greatland Gold plc’s (Greatland’s) consolidation of the world-class Havieron gold-copper development project (Havieron) and the producing Telfer gold-copper mine (Telfer) in the Paterson region of Western Australia, with a funding package of up to US$100 million at 4.8pence per share
- Wyloo Call Option Deed which is expected to be entered into between Newmont NOL and Wyloo, pursuant to which 1,334,591,145 Consideration Shares (being 50% of the maximum number of the Consideration Shares) will be subject to the Wyloo Option which gives Wyloo an option to acquire such Consideration Shares from Newmont at 7.2 pence per Consideration Share (equivalent to a 50% premium to the Placing Price) exercisable for four years and a right of first refusal in respect of any Consideration Shares that Newmont NOL wishes to sell during the Option Term.
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