Exercise of Warrants
Summary by AI BETAClose X
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
3 October 2025
Great Southern Copper plc
("GSC" or the "Company")
Exercise of Warrants
Further to the announcement made on 5 September 2025, and the subsequent approval of resolution 8 at the Annual General Meeting, Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold-silver exploration in Chile, announces that its largest shareholder, Foreign Dimensions Pty Limited, has partially exercised its warrant rights to subscribe for 6,250,000 new ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 2.4p per share for gross proceeds of £150,000.
In addition, another shareholder has partially exercised its warrant rights to subscribe for 4,500,000 new ordinary shares of 1p each in the capital of the Company at an exercise price of 2.5p per share for gross proceeds of £112,500.
Admission to Trading and Total Voting Rights
Application for admission has been made and the admission of these 10,750,000 new Ordinary Shares to trading on the Main Market of the London Stock Exchange plc, which is expected to become effective on or around 8.00am on 8 October 2025 ("Admission").
Following Admission, the total number of issued shares and the total number of voting rights in the Company will be 584,271,400. This figure should be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Enquiries:
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Great Southern Copper plc |
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Sam Garrett, Chief Executive Officer |
+44 (0)20 4582 3500 |
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SI Capital Limited |
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Nick Emerson |
+44 (0)14 8341 3500 |
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BlytheRay |
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Tim Blythe / Megan Ray |
+44 (0) 20 7138 3204 gsc@blytheray.com |
About Great Southern Copper
Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold-silver deposits in Chile. The Company has the option to acquire mining rights to 100% of Especularita project in the under-explored coastal belt of Chile that is prospective for large scale copper-gold-silver deposits. Chile is a globally significant mining jurisdiction being the world's largest producer and exporter of copper.
The Especularita Project is located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in the exploration project area. The coastal belt offers deposit type optionality for copper including porphyry and IOCG style deposits as well as newly recognised intrusive-related copper and gold deposits.
Great Southern Copper is strategically positioned to support the global market for copper - a critical battery metal in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au as well as high-grade Cu-Ag-Au deposits.
Further information on the Company is available on the Company's website: https://gscplc.com.
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