Director Share Purchase

RNS Number : 3300W

Greatland Gold PLC

26 April 2016

 

26 April 2016

Greatland Gold plc

("Greatland" or "the Company")

Director Share Purchase

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM quoted precious and base metals exploration and development business, announces that the Company was notified yesterday that Paul Johnson, Non-Executive Director of Greatland, purchased 2,260,031 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company yesterday at an average price of 0.24 pence per share.

Following this purchase Paul Johnson has a beneficial interest in 56,666,667 Ordinary Shares, representing 4.75 per cent of the issued share capital of the Company.

Subject to shareholder approval at the General Meeting scheduled for 11 May 2016, Paul Johnson has also elected to accept 10,000,000 Greatland Ordinary Shares as part of the salary sacrifice proposal announced on 20 April 2016. In addition, Paul Johnson is participating in the Company's placing, announced on 22 April 2016, with an anticipated acquisition of 13,333,333 Greatland Ordinary Shares at a cost of £25,000, subject to shareholder approval at the same General Meeting.

Should both issues of Ordinary Shares be approved by shareholders, Paul Johnson (and his spouse) will then have a beneficial interest in 80,000,000 Greatland Ordinary Shares, representing 5.39 per cent of the Company's issued share capital, as enlarged as a result of the placing and issue of Ordinary Shares issued pursuant to the salary sacrifice proposal.

 

 

Enquiries:

Greatland Gold PLC

Callum Baxter / Andrew Bell

Tel [phone]

Email:  [e-mail]

www.greatlandgold.com

Grant Thornton UK LLP (Nominated Adviser)

Colin Aaronson / Richard Tonthat / Daniel Bush

Tel [phone]

SI Capital Limited (Broker)

Nick Emerson / Andy Thacker

Tel  [phone]

Finsbury (Media Relations)

Gordon Simpson / Olivia Simpson

Tel [phone]

Notes for Editors:

Greatland Gold plc is London listed (LON:GGP) natural resource exploration and development company with a current focus on gold and nickel exploration projects.  

The Company has four main projects; two 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.

 

END

 

 

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