Great Southern Copper plc (LSE: GSCU), the copper-gold and silver exploration company operating in Chile, has announced that its largest shareholder, Foreign Dimensions Pty Limited, has partially exercised its warrants.
Foreign Dimensions has subscribed for 10,416,667 new ordinary shares at an exercise price of 2.4p per share, generating gross proceeds of £250,000 for the Company. This funding will support the planning and commencement of Phase III drilling at the Mostaza Mine, located within the Cerro Negro prospect at the Especularita Project.
Admission to Trading
Application has been made for the new shares to be admitted to trading on the London Stock Exchange’s Main Market. Admission is expected to take effect at 8:00am on 1 July 2025.
Total Voting Rights
Following Admission, Great Southern Copper will have 571,310,647 ordinary shares in issue. This figure represents the total voting rights in the Company and should be used by shareholders for disclosures under the FCA’s Disclosure Guidance and Transparency Rules.
Enquiries:
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Great Southern Copper plc |
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Sam Garrett, Chief Executive Officer |
+44 (0)20 4582 3500 |
About Great Southern Copper
Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold-silver deposits in Chile. The Company has the option to acquire rights to 100% of two projects in the under-explored coastal belt of Chile that are prospective for large scale copper-gold deposits. Chile is a globally significant mining jurisdiction being the world’s largest copper producer and the second-largest producer of lithium.
The two early-stage Cu-Au projects comprise the Especularita and San Lorenzo Projects, both located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck’s Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.
Great Southern Copper is strategically positioned to support the global market for copper – a critical battery metal in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au deposits as well as high-grade Cu-Au deposits.
Further information on the Company is available on the Company’s website: https://gscplc.com
