Greatland Gold PLC Exercise of Options (4097U)
April 06 2021 - 1:00AM
UK Regulatory
TIDMGGP
RNS Number : 4097U
Greatland Gold PLC
06 April 2021
6 April 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")
Exercise of Options
Greatland Gold plc (AIM:GGP), the precious and base metals
exploration and development company, announces the exercise of
share options by a previous director .
The Company has received binding option exercise notices from a
previous director for 18,000,000 options at various exercise prices
(detailed below) for a total amount of GBP495,000.
Director/Employee Position Number of Exercise Shares to
Options Price be issued
Previous director Not applicable 9,000,000 2.5p 9,000,000
9,000,000 3.0p 9,000,000
------------------------------------ ----------- --------- -----------
As a result of these option conversions, 18,000,000 new ordinary
shares are expected to be admitted to trading on or around 12 April
2021 ("Admission").
Following Admission the total issued share capital of the
Company will consist of 3,923,729,602 ordinary shares. As such the
total number of voting rights in the Company will be 3,923,729,602
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
Shaun Day/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
Berenberg (Joint Corporate Broker and Financial Adviser)
Matthew Armitt/Jennifer Wyllie/Detlir Elezi
Tel: +44 (0)20 3207 7800
Hannam & Partners (Joint Corporate Broker and Financial
Adviser)
Andrew Chubb/Matt Hasson/Jay Ashfield
Tel: +44 (0)20 7907 8500
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
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 deposit in the Paterson region of Western Australia.
This asset is held in joint venture with Newcrest Mining Ltd.
Havieron is located approximately 45km's east of Newcrest's Telfer
gold mine, processing plant and existing infrastructure.
The box cut and decline to develop the Havieron ore body was
commenced in February 2021. In addition, there is a substantial
ongoing growth drilling program presently underway at Havieron
which is being undertaken in conjunction with preparation of a
Pre-Feasibility Study. Newcrest is managing the preparation of the
PFS, which is expected to be released in late calendar 2021.
The Joint Venture Agreement includes tolling principles
reflecting the intention of the parties that, subject to a
successful exploration program 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 also 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.
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END
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