Last checked at 2 Aug 2021 12:20
2 August 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
Issue of shares and total voting rights
Greatland Gold plc (AIM:GGP), the precious and base metals mining and exploration company and Joint Venture owner of the world class Havieron gold-copper project, announces that during July 2021, the Company issued 6,216,216 new Ordinary Shares of 0.1p each from its block listing authority of 10 February 2020 (the "Share Issue") for a total consideration of £155,405.40.
Following the Share Issue, the Company has the ability to issue a further 10,810,812 shares under its block listing facility.
The Company's new issued share capital comprises 3,953,736,359 ordinary shares. When calculating voting rights, shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Greatland Gold PLC Shaun Day/Callum Baxter | +44 (0)20 3709 4900 info@greatlandgold.com www.greatlandgold.com | |
SPARK Advisory Partners Limited (Nominated Adviser) Andrew Emmott/James Keeshan | +44 (0)20 3368 3550
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Berenberg (Joint Corporate Broker and Financial Adviser) Matthew Armitt/Jennifer Wyllie/Detlir Elezi | +44 (0)20 3207 7800
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Canaccord Genuity (Joint Corporate Broker and Financial Adviser) James Asensio/Patrick Dolaghan | +44 (0)20 7523 8000
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Hannam & Partners (Joint Corporate Broker and Financial Adviser) Andrew Chubb/Matt Hasson/Jay Ashfield | +44 (0)20 7907 8500 | |
SI Capital Limited (Joint Broker) Nick Emerson/Alan Gunn | +44 (0)14 8341 3500
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Luther Pendragon (Media and Investor Relations) Harry Chathli/Alexis Gore/Joe Quinlan | +44 (0)20 7618 9100
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Notes for Editors:
Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.
The Company's flagship asset is the world class Havieron gold-copper project in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.
The box cut for the decline to develop the Havieron ore body was commenced in February 2021. The portal was complete in April 2021 and the decline commenced later that month. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with preparation of a Pre-Feasibility Study ("PFS"). Newcrest is managing the preparation of the PFS which is expected to be released in H2 2021.
The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration programme and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.
Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.
The Company is actively investigating a range of new opportunities in Australia for precious and strategic metals and will update the market on new opportunities as and when appropriate.