REG - Greatland Gold PLC - Result of Retail Offer

Greatland GoldAnnouncement

13/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240913:nRSM0431Ea&default-theme=true

RNS Number : 0431E  Greatland Gold PLC  13 September 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW
PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON
LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
THE UNITED STATES, CANADA OR JAPAN.

13 September 2024

Greatland Gold plc

("Greatland" or the "Company")

Result of Retail Offer

 

Greatland Gold plc (AIM:GGP), announced on 10 September 2024 the launch of a
fundraising comprising a placing conducted by Canaccord Genuity Limited
("Canaccord")(the "Placing") and a separate offer via PrimaryBid (the "Retail
Offer") (together the "Equity Raising").

 

The Company is pleased to announce that further to the announcement of the
results of the Placing on 11 September 2024, the oversubscribed Retail Offer
successfully closed at 4:45 p.m. on 12 September 2024.  The Retail Offer has
been taken up in full and the Company has conditionally raised additional
gross proceeds of approximately £6.7 million at 4.8 pence per ordinary share
via the Retail Offer.

 

Subject to the passing of Resolution 1 at the Company's forthcoming General
Meeting and the closing of the Placing, the Company will therefore issue and
allot a total of 140,725,613 New Ordinary Shares to satisfy the Retail Offer
("Retail Offer Shares") with allocation preference being given to the existing
shareholders of the Company.

 

Admission

 

Application will be made to the London Stock Exchange for these Retail Offer
Shares, which rank pari passu with the Company's existing Ordinary Shares and
the shares to be issued pursuant to the Placing, to be admitted to trading on
AIM ("Admission"). Admission is expected to occur at and Dealings are expected
to commence at 8.00 a.m. on 1 October 2024.

 

Defined terms in this announcement shall have the same meaning as in the
Company announcement at 4:45 p.m. on 10 September 2024, unless otherwise
specified.

 

 

Enquiries

 Greatland Gold plc                                                              info@greatlandgold.com (mailto:info@greatlandgold.com)

 Shaun Day, Managing Director / Rowan Krasnoff, Head of Business Development

 PrimaryBid Limited                                                              enquiries@primarybid.com

 Nick Smith / James Deal

 SPARK Advisory Partners Limited (Nominated Adviser)                             +44 203 368 550

 Andrew Emmott / James Keeshan / Neil Baldwin

 Media Relations                                                                 +61 422 602 720

 Fivemark Partners (Australia)

 Michael Vaughan

                                                                                 +44 204 582 3500

 Gracechurch Group (UK)

 Harry Chathli / Alexis Gore / Henry Gamble

Important Information

 

This Announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This Announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

This Announcement and the information contained herein, is restricted and is
not for publication, release or distribution, directly or indirectly, in whole
or in part, in or into Australia, Canada, the Republic of South Africa, Japan
or any other jurisdiction in which such publication, release or distribution
would be unlawful. Further, this Announcement is for information purposes only
and is not an offer of securities in any jurisdiction.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIUURRRSBUKAUR