Grant of Warrants

RNS Number : 9786C

Greatland Gold PLC

01 July 2016

 

1 July 2016

Greatland Gold plc

("Greatland" or "the Company")

Grant of Warrants

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, is pleased to announce that the Board has formally approved grant of warrants to SI Capital Ltd.

SI Capital, the Company's sole broker since 2006, has, today, been granted warrants to subscribe for 25 million new ordinary shares in the Company at an exercise price of 0.5p each for a period of two years. The warrants are subject to an accelerator whereby in the event that Greatland shares trade for in excess of a ten day volume weighted average price of 1.5p or more, SI Capital Ltd, following notification by the Company, has 7 days to exercise and a further 14 days to pay, otherwise the warrants will be cancelled.

 

Enquiries:

Greatland Gold PLC

Callum Baxter/Andrew Bell

Tel [phone]

Email:  [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Mark Brady/ Sean Wyndham-Quin /James Keeshan

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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