Exercise of Options

RNS Number : 3243A

Greatland Gold PLC

28 September 2020

 

28 September 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

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 company, announces the exercise of options by employees.

The Company  has received binding option exercise notices from  employees, who are not Directors or PDMRs,  for 18,000,000 options for a total consideration of £475,000, including 13,000,000 options at 2.5 pence per share for consideration of £325,000, and 5,000,000 options at 3.0 pence per share for consideration of £150,000.  As a result of the option conversions, 18,000,000 new ordinary shares are expected to be admitted to trading on or around 5 October 2020 ("Admission")

Following Admission, the total issued share capital of the Company will consist of 3,820,440,416 ordinary shares.  As such the total number of voting rights in the Company will be 3,820,440,416 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

Gervaise Heddle/Callum Baxter

Tel: [phone]

Email: [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: [phone]

Bereneberg (Joint Corporate Broker and Financial Adviser)

Matthew Armitt/Jennifer Wyllie/Detlir Elezi

Tel: [phone]

Hannam & Partners (Joint Corporate Broker and Financial Adviser))

Andrew Chubb/Matt Hasson/Jay Ashfield

Tel: [phone]

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel:  [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: [phone]

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 has six main projects; four situated in Western Australia and two in Tasmania.

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper deposit in the Paterson region of Western Australia. Newcrest has the right to earn up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65 million.

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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