TIDMGGP
RNS Number : 6501A
Greatland Gold PLC
03 June 2021
3 June 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 (LON:GGP), the London Stock Exchange AIM
listed precious and base metals exploration and development
business, announces the exercise of options by Callum Baxter, Chief
Technical Officer.
The Company has received a binding option exercise notice from
Callum Baxter, Chief Technical Officer, for 14,000,000 options at
2.0 pence per share for a total consideration of GBP280,000. As a
result of the option conversions, 14,000,000 new ordinary shares
are expected to be admitted to trading on or around 10 June 2021
("Admission").
Following the exercise of options, Callum Baxter holds
113,572,951 Ordinary Shares, representing 2.9% of the issued share
capital of the Company. Additionally, Callum now holds 18,000,000
remaining options in the Company at various strike prices.
Total Voting Rights
Following Admission the total issued share capital of the
Company will consist of 3,946,729,602 ordinary shares. As such the
total number of voting rights in the Company will be 3,946,729,602
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.
The notification below, made in accordance with the requirements
of the UK version of the Market Abuse Regulation, provides further
detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities / person closely associated
with them.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Company directors/officers:
Callum Baxter Chief Technical Officer
------------------------
Name
------------------------------- -----------------------------------------------
2. Reason for the notification
--------------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions -
all classified as PDMRs of the Company
------------------------------- -----------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- -----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Greatland Gold plc
------------------------------- -----------------------------------------------
b) LEI 213800KMN7LDF4VRPQ10
------------------------------- -----------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place where
transactions have been conducted
--------------------------------------------------------------------------------
a) Description of Ordinary Shares of 0.1 pence each
the financial instrument
------------------------------- -----------------------------------------------
b) Identification GB00B15XDH89
code
------------------------------- -----------------------------------------------
c) Nature of the transactions Exercise of options over Ordinary Shares
------------------------------- -----------------------------------------------
d) Price(s) and volume(s) Date Transaction Amount Price
Type
3 June Exercise of
2021 Options 14,000,000 2.0p
------------- ----------- ------
------------------------------- -----------------------------------------------
e) Aggregated information Transaction Type Amount Price
- Aggregated volume Exercise of Options 14,000,000 2.0p
- Price ----------- ------
------------------------------- -----------------------------------------------
f) Date of the transactions 3 June 2021
------------------------------- -----------------------------------------------
f) Place of the transactions Off-market
------------------------------- -----------------------------------------------
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
Canaccord Genuity (Joint Corporate Broker and Financial
Adviser)
James Asensio/ Patrick Dolaghan
Tel: +44 (0)20 7523 8000
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 east of Newcrest's Telfer
gold mine, processing plant and existing infrastructure.
Construction of the box cut and decline to develop the Havieron
orebody commenced in February 2021. In addition, a substantial
ongoing growth drilling programme is presently underway at Havieron
which is being undertaken in conjunction with the preparation of a
Pre-Feasibility Study ("PFS"). The PFS 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 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 actively investigating a range of new
opportunities in Australia for precious and strategic metals.
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END
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