RE: In 2025 I want GGP to buy ANTIPA...21 Oct 2024 10:47
Https://greatlandgold.com/investors/regulatory-news/aim-admission-document/
Page 40. The Target Assets include the following assets owned by the Sellers at Acquisition Completion:
• 410,264,785 ordinary shares in Antipa and 27,075,000 unlisted Antipa share options with an exercise price of A$0.02 per option, which are proposed to be acquired by Greatland Holdings Group Pty Ltd; and
• the Sellers’ rights and interest under the Wilki FIA and related agreements (“Wilki Interests”), which are proposed to be acquired by Greatland West Pty Ltd. The acquisition of the Wilki Interests is subject to Antipa’s consent. Completion of the acquisition of the remaining Target Assets is not conditional on the transfer of the Wilki Interests.
Page 80. Wilki - Newmont NOL is party to the Wilki FIA (a farm-in agreement) and Wilki JVA (a joint venture agreement) with Antipa (and certain of its subsidiaries) under which Newmont NOL has the right to earn up to a 75% interest in a package of exploration licences held by Antipa (and certain of its subsidiaries) that collectively cover more than 1,000km2 located within close proximity to the Telfer processing plant.
As at 31 March 2024, Newmont NOL had spent approximately A$10.6 million on exploration at Wilki. Newmont NOL is required to spend A$16 million in aggregate (i.e. another approximately A$5.4 million) by 3 March 2025 (which may be extended by up to two years by Newmont NOL) to acquire a 51% joint venture interest in Wilki, and then has the right to
increase its interest to 75% by sole funding a further A$44 million of eligible joint venture expenditure by 3 March 2028 (which may be extended by up to two years by Newmont NOL).
Under the Acquisition Agreement, subject to Antipa’s consent being obtained by Newmont NOL, Newmont NOL’s interest in Wilki will be included in the Target Assets and transferred to the Group on Acquisition Completion, and the Wilki FIA, Wilki JVA and related agreements assigned to the Group. . Completion of the acquisition of the remaining Target Assets is not conditional on the transfer of the Wilki Interests.
Page 81. Antipa securities - Newmont NOL holds 410,264,785 ordinary shares and 27,075,000 unlisted options with an average exercise price of A$0.02 per option in Antipa. As at the Latest Practicable Date the trading price of ordinary shares in Antipa on the ASX was A$0.013 per ordinary share which would value the ordinary shares in Antipa held by Newmont NOL at A$5,333,442. Newmont NOL initially subscribed for shares in Antipa in 2020, in connection with Wilki (discussed above). Under the Acquisition Agreement, Newmont NOL’s shares and options in Antipa are included in the Target Assets and will be acquired by the Group on Acquisition Completion. In addition, under the Acquisition Agreement, subject to Antipa’s consent being obtained by Newmont NOL, Newmont NOL’s interest in the subscription agreement (including certain share participation
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