RE: RNS4 Feb 2020 12:59
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, announces that a block listing application has been made to the London Stock Exchange for up to 225,813,513 new ordinary shares of 0.1p each ("New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will be issued in satisfaction of the 225,813,513 investor warrants ("Investor Warrants") issued as part of the placing and subscription of new ordinary shares in the capital of Greatland announced on 12 August 2019.
The Investor Warrants have an exercise price of 2.5p each and can be exercised at any time up to 27 August 2021. The New Ordinary Shares will, when issued, rank pari passu with the existing ordinary shares in issue. It is expected that the block admission will become effective on 10 February 2020.
Following admission, the Company's issued share capital remains unchanged at 3,577,233,658 ordinary shares of 0.1p each. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.