Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, announces that an application has been made to AIM for a block admission in respect of 212,000,000 new ordinary shares of 0.1 pence each.
In the share capital of the Company (“New Ordinary Shares”) which will rank pari passu with the existing ordinary shares in issue. It is expected that the block admission will become effective on 18 January 2019.
These New Ordinary Shares will be issued and allotted from time to time pursuant to the exercise of warants under the following scheme:
· 212,000,000 investor warrants with an exercise price of 2.0 pence.
Following admission, the Company’s issued share capital remains unchanged at 3,225,620,145. The Company will make six-monthly announcements of the utilisation of the Block Admission, in line with its obligations under AIM Rule 29.
The 212,000,000 investor warrants covered by the new block listing application were issued as part of a placing and subscription of new ordinary shares in the capital of Greatland as announced 27 July 2018.
Greatland Gold plc (AIM: GGP) is a London listed natural resource exploration and development company with a current focus on gold, copper 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.
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.
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