Greatland Gold plc (AIM:GGP), announced on 10 September 2024 the launch of a fundraising comprising a placing conducted by Canaccord Genuity Limited (“Canaccord”)(the “Placing”) and a separate offer via PrimaryBid (the “Retail Offer”) (together the “Equity Raising”).
The Company is pleased to announce that further to the announcement of the results of the Placing on 11 September 2024, the oversubscribed Retail Offer successfully closed at 4:45 p.m. on 12 September 2024. The Retail Offer has been taken up in full and the Company has conditionally raised additional gross proceeds of approximately £6.7 million at 4.8 pence per ordinary share via the Retail Offer.
Subject to the passing of Resolution 1 at the Company’s forthcoming General Meeting and the closing of the Placing, the Company will therefore issue and allot a total of 140,725,613 New Ordinary Shares to satisfy the Retail Offer (“Retail Offer Shares”) with allocation preference being given to the existing shareholders of the Company.
Admission
Application will be made to the London Stock Exchange for these Retail Offer Shares, which rank pari passu with the Company’s existing Ordinary Shares and the shares to be issued pursuant to the Placing, to be admitted to trading on AIM (“Admission“). Admission is expected to occur at and Dealings are expected to commence at 8.00 a.m. on 1 October 2024.
Defined terms in this announcement shall have the same meaning as in the Company announcement at 4:45 p.m. on 10 September 2024, unless otherwise specified.
The company is pleased to announce the release of an Investor Presentation for the acquisition by Greatland of a 70% ownership interest in the Havieron gold-copper project (consolidating Greatland’s ownership to 100%), 100% ownership of the Telfer gold-copper mine, and other related assets in the Paterson Region.
The presentation is available at https://greatlandgold.com/investors/regulatory-news/.
Enquiries
|
Greatland Gold plc Shaun Day, Managing Director / Rowan Krasnoff, Head of Business Development
|
|
|
PrimaryBid Limited Nick Smith / James Deal |
