Greatland Gold PLC Issue of New Shares (1577G)

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RNS Number : 1577G

Greatland Gold PLC

11 November 2022

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11 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. 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 " )

Issue of new shares

Greatland Gold plc (AIM: GGP), a mining development and exploration company with a focus on precious and base metals , announces that an application will be made to the London Stock Exchange for 13,443,391 new fully paid ordinary shares ("New Ordinary Shares") to be admitted to trading on AIM ("Admission").

The New Ordinary Shares will have an issue price of 7.65 pence per share (being the 5-day VWAP to 9 November 2022) and will be issued conditional on Admission. The shares are being issued in satisfaction of the Company's obligations to pay financial advisory service fees to a third party for advice in respect of the Havieron 5% option process which culminated in Greatland retaining 30% ownership of Havieron, as announced in August 2022 .

Admission is expected to occur at 8.00am on 17 November 2022.

Admission of shares and total voting rights

Following Admission, the total issued share capital of the Company will consist of 5,015,876,282 ordinary shares. As each ordinary share carries the right to one vote, the total number of voting rights in the Company will be 5,015,876,282. 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                                  [e-mail] 
  Shaun Day                                           www.greatlandgold.com 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser) 
  Andrew Emmott/James Keeshan                        [phone] 
 
 Berenberg (Joint Corporate Broker and Financial 
  Adviser) 
  Matthew Armitt/ Jennifer Lee/ Jack Botros          [phone] 
 
 Canaccord Genuity (Joint Corporate Broker 
  and Financial Adviser) 
  James Asensio/Patrick Dolaghan                     [phone] 
 
 SI Capital Limited (Joint Broker) 
  Nick Emerson/Sam Lomanto                           [phone] 
 
 Gracechurch Group (Media and Investor Relations) 
  Harry Chathli/Alexis Gore/Henry Gamble             [phone] 
 

Notes for Editors:

Greatland Gold plc (AIM:GGP) is a mining development and exploration company with a focus on precious and base metals in Australia.

Greatland has a proven track record of discovery and exploration success. It is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. The Company is focused on safe, low-risk jurisdictions and is strategically positioned in the highly prospective Paterson region. Greatland has a total of six projects across Australia with a focus on becoming a multi-commodity mining company of significant scale.

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November 11, 2022 05:39 ET (10:39 GMT)