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 (AIM:GGP), the precious and base metals exploration and development company, announcesthe exercise of options by a director.
The Company has received a binding option exercise notice from Gervaise Heddle for 28,000,000 options at 0.28p exercise price for a total consideration of £78,400. As a result of this option conversion, 28,000,000 new ordinary shares are expected to be admitted to trading on or around 3 October 2019 ("Admission").
Following Admission the total issued share capital of the Company will consist of 3,577,233,658 ordinary shares. As such the total number of voting rights in the Company will be 3,577,233,658 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.
Following the exercise, Gervaise Heddle holds 53,750,000 shares and options over a further 63,500,000 shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
Details of the person discharging managerial responsibilities/person closely associated
Chief Executive Officer
Reason for the notification
See 1(a) above for all positions - all classified as PDMRs of the Company
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Greatland Gold plc
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Greatland Gold plc is a London-listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.
The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.
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 project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.
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.
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 [email protected] or visit www.rns.com.
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Mining Capital's Alastair Ford discusses Greatland Gold PLC (LON:GGP) following their recent project updates including Black Hills and Havieron and having spoken to CEO Gervaise Heddle.
''Gervaise is hopefully the company may be able to deliver up a second or look-alike to Havieron'', Ford...