Directors' dealings

RNS Number : 2719X

Greatland Gold PLC

04 May 2016

 

4 May 2016

Greatland Gold plc

("Greatland Gold" or "the Company")

Director Share Purchase

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM quoted precious and base metals exploration and development company was today notified of the following transactions by directors relating to their beneficial interests in the share capital of the Company.

Paul Johnson, Non-Executive Director of Greatland Gold purchased 1,500,000 ordinary shares of 0.1 pence each ("Ordinary Shares") in the Company today at an average price of 0.276 pence per share.

Andrew Bell, Non-Executive Chairman of Greatland Gold, yesterday transferred 2,800,000 Ordinary Shares to his ISA at a price per Ordinary Share of 0.3425 pence.

Director Beneficial Holdings

Following this purchase, Paul and Michelle Johnson (Paul Johnson's spouse) together are the beneficial holders of 60,166,667 Ordinary Shares, representing 5.05 per cent of issued share capital of the Company.

In addition, subject to shareholders approval at the General Meeting on 11 May 2016, announced on 25 April 2016, Paul Johnson has elected to accept 10,000,000 Greatland Gold Ordinary Shares in exchange for a proportion of his salary for the next 12 months (announced on 20 April 2016). 

Conditional on receiving shareholder approval at the same General Meeting, Paul Johnson is also participating in the placing announced on 22 April 2016, with an acquisition of 13,333,333 Ordinary Shares at a cost of £25,000.

Subject to shareholder approval at the General Meeting and allowing for the above transactions, Paul and Michelle Johnson will then hold 83,500,000 Greatland Gold Ordinary Shares, representing 5.62 per cent of the issued share capital, enlarged as a result of the issue of Ordinary Shares issued pursuant to the placing and salary sacrifice proposal.

Paul Johnson is also a director and shareholder of Metal Tiger Plc, which has a beneficial interest in 150,000,000 Greatland Gold Ordinary Shares, representing 12.6 per cent of the issued share capital of the Company.

Andrew Bell's beneficial interest in the Company remains unchanged at 23,737,999 Ordinary Shares, representing 1.99 per cent of the current issued share capital of the Company.

Andrew Bell is also a director and shareholder of Regency Mines Plc, which has a beneficial interest in 1,500,000 Greatland Gold Ordinary Shares, representing 0.13 per cent of the issued share capital of the Company.

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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