Last checked at 27 Jun 2017 10:41
27 June 2017
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Warrant & Option Exercise
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, is pleased to announce that it has received binding warrant and option conversion notices for the conversion of a total of 22,000,000 warrants and options for a total amount of £52,750.00, as listed below.
Number of warrants or options exercised | Exercise price (pence) | Pound value (£) | New ordinary shares to be issued |
5,000,000 | 0.375 | 18,750.00 | 5,000,000 |
17,000,000 | 0.2 | 34,000.00 | 17,000,000 |
Gervaise Heddle, Chief Executive Officer, commented: "Greatland has now raised over £520,000 in the month of June from warrant and option conversions, further cementing the Company's already strong financial position.
"These additional funds will provide Greatland with further flexibility in potential corporate transactions, and will allow Greatland to accelerate exploration activities in the second half of this calendar year at our key projects including the Ernest Giles gold project, the Havieron/Paterson projects and the Panorama cobalt project.
We are seeing an increasing appetite for early stage exploration by the major mining companies in Australia, after several years of relatively low activity in this space by the larger players, and we believe that Greatland is well placed to participate in this important emerging trend."
As a result of these warrant and option conversions announced today, 22,000,000 new ordinary shares are expected to be admitted to trading on or around 3 July 2017 ("Admission").
Following Admission the total issued share capital of the Company will consist of 1,984,945,081 ordinary shares. As such the total number of voting rights in the Company will be 1,984,945,081 ordinary shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Greatland Gold PLC
Callum Baxter/Gervaise Heddle
Tel +44 (0)20 7747 9980
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady/Sean Wyndham-Quin/James Keeshan
Tel +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson / Andy Thacker
Tel +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Ana Ribeiro/Alexis Gore
Tel +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold and nickel exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland or Greatland has the right to take 100% ownership.
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 also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.