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(GGP) Greatland Gold Share Chat

Discussion in 'General Share Chat (GGP)' started by Makaira88, Apr 3, 2016.

  1. Makaira88

    Makaira88 Life's a beach ...

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    19 Feb 2016 - Paul Johnson CEO of Metal Tiger (MTR) increases his stake in GGP to 4.12%
    22 Feb 2016 - PJ increases his shareholding to 5.22%
    1 Apr 2016 - Andrew Bell non-exec Chairman of GGP buys 23.7m shares (2.39%) at cost of £31,334
     
    Last edited: Apr 3, 2016
    Inspiration and will63 like this.
  2. Makaira88

    Makaira88 Life's a beach ...

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    From website: http://greatlandgold.com/company/strategy/

    Greatland Gold holds a portfolio of exciting projects in highly prospective geological areas with known reserves and deposits of gold and nickel. The Company is actively developing projects in under-explored parts of these known mineralised systems.

    Activities currently underway are announced via RNS releases. These activities include, but are not limited to, mapping, soil sampling, geophysical surveys and drilling on target areas. On-going reviews of historic data and regional geophysics are combined with analysis of incoming geochemical and geotechnical data allowing projects to develop and progress towards realising resources and reserves.

    The board seeks to increase shareholder value by the systematic evaluation of its existing resource assets, as well as the acquisition of suitable exploration and development projects and producing assets.

    The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold.

    The board seeks to increase shareholder value by the systematic evaluation of its existing resource assets, as well as the acquisition of suitable exploration and development projects and producing assets.

    Exploration:

    It is widely recognised in the exploration and mining industry that the next generation of large deposits will come from areas under cover that have not been subject to significant exploration in the past. Based on this understanding, the Company has focused efforts and acquired ground in specific targeted areas.

    Exploration work is carried out as a phased, results-based, systematic geological investigation in order to evaluate the mineral resource potential of the project areas. This includes geological mapping, geochemistry and geophysics, where necessary.

    Anomalous regions are delineated based on robust geochemical and geophysical anomalies and increased geological understanding of the area. Targets are ranked based on their potential to host gold mineralization.

    Risk:

    The Company operates in Australia where it has projects located in Tasmania and Western Australia, regions with historic and current world class deposits.

    Australia offers an excellent opportunity for developing exploration potential. The country and states have established mining codes, stable government, skilled labour force, and excellent infrastructure, with an established industry in exploration and mining.

    The Company is also researching and reviewing projects globally to invest in.

    Finance:

    The company has an industry focused, skilled and experienced board and management team with a track record of delivering high quality exploration results and project development at low costs.

    The Company aims to provide shareholder value through capital raising, Joint Venture agreements and realization of exploration targets into resources and reserves.
     
    Inspiration, will63 and Squire007 like this.
  3. Squire007

    Squire007 Demi God of BlueShare

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    Taken a punt .... bit late but you never know ..:oops:;)
     
    Latest Given Reputation Points:
    Makaira88: 5 Points (You are early, only the two of us here so far!) Apr 4, 2016
  4. thecat

    thecat Demi God of BlueShare

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    Me to, tucked a million away at .1634
     
    will63, Squire007 and Makaira88 like this.
  5. taffy21

    taffy21 A Legendary Member

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    I held GGP for several years but grew tired of waiting for it to do anything and, to be honest, lost faith in the BOD. That is always an important factor for me so I sold last Autumn at quite a loss. That was surely the boost for things to start to happen here!

    However, this is definitely back on my radar, with PJ involved, so I might take a punt when I have read up again on it.

    If I decide to sell any other dog shares I'll let you all know, that will be the time to jump in.
     
  6. jackjack

    jackjack Administrator Staff Member

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    Looking at the timings of placings it could be argued another one is due in the coming months, although PJ's increase does give more positive outlook that something better is to come.

    11/06/15 £350k at 0.135p
    11/07/14 £500k at 0.325p
    09/09/13 £450k at 0.35p
     
  7. jackjack

    jackjack Administrator Staff Member

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    RNS 06/04/16 - STRATEGIC PLACING AND BOARD RESTRUCTURING

    Placing
    The Company has undertaken a placing with two London listed resource investors to raise £200,000 through the issue of 200 million shares ("the Placing") at a price of 0.10p per new Greatland Gold ordinary share of 0.1p each ("Ordinary Shares") with one-for-one three year warrants with an exercise price of 0.20p.


    Metal Tiger plc (LON:MTR) has agreed to invest £150,000 at 0.10p per new Ordinary Share to acquire 150 million Ordinary Shares and Starvest plc (LON:SVE), a company of which Greatland Gold directors, Callum Baxter and John Watkins are directors, has agreed to invest £50,000 to acquire 50 million Ordinary Shares on the same basis.

    Metal Tiger will receive 150 million warrants and Starvest 50 million warrants to acquire new Ordinary Shares at a price of 0.20p per Ordinary Share, exercisable at any time within 3 years from the admission to trading of the Placing shares.

    Board changes
    The Company announces that John Watkins has stood down as a Non-executive director with immediate effect.

    The Greatland board has agreed to appoint Paul Johnson (CEO of Metal Tiger plc) and Alex Borelli (Non-executive director of Metal Tiger plc) as Non-executive directors, subject to completion of standard due diligence. A further announcement will be made in due course. Andrew Bell remains Chairman of Greatland Gold and Callum Baxter's title will change to Executive Director.

    The new board of Greatland Gold will launch an immediate full strategic review covering existing exploration interests, existing pipeline opportunities as well as other advanced opportunities that may be suitable for the Greatland Gold business.

    In addition, following the appointment of the new directors, it is intended to incentivise the Greatland directors with 100 million Greatland Gold options priced at 0.20p per share for 3 years, a premium of 100% to the Placing price. It is intended that options awarded to directors will only become exercisable when the share price of Greatland Gold achieves a volume weighted average price of 0.30p for 5 trading days or more.

    A further announcement will be made in due course.


    http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GGP/12766603.html
     
    Inspiration, Larry, mart101 and 2 others like this.
  8. taffy21

    taffy21 A Legendary Member

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    I really like the idea of PJ being on the board, it's just what was needed. I might have to jump in again. Kick up the .......is what was required.
     
    Inspiration and jackjack like this.
  9. Richie

    Richie Demi God of BlueShare

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    I had a small punt here a fortnight ago,purely off Paul Johnson buying .

    Glad I did as 50% up already.
     
  10. Larry

    Larry Demi God of BlueShare

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    Have put my toe in for all the above reasons 1.14 mil. GLA
     
    Makaira88 and Squire007 like this.
  11. mart101

    mart101 Demi God of BlueShare

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    Not much action here despite the RNS. Only 5 trades today so far.

    Appointment of Directors

    RNS Number : 4470V
    Greatland Gold PLC
    18 April 2016

    18 April 2016

    Greatland Gold plc
    ("Greatland" or "the Company")


    Appointment of Directors



    Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business is pleased to announce that further to the announcement of 6th April 2016 and following completion of due diligence procedures, the Company has appointed Alex Borrelli and Paul Johnson as non-executive directors.



    Andrew Bell, Chairman of Greatland commented "we are pleased to announce the appointment of Alex and Paul as new non-executive directors. We have already commenced the strategic review outlined in our announcement of 6th April which will encompass an assessment of our existing projects and the consideration of a range of new opportunities, some of which may emerge from the network of contacts and pipeline of opportunities that the new directors have developed at Metal Tiger Plc.


    The board of Greatland will be actively engaged in driving the Company forward by focussing management and financial resources on the best prospects in the current portfolio and by identifying and acquiring new opportunities that have the potential to deliver material returns for investors.


    It is an exciting time for the Company and we start this new phase when the mineral resource sector is showing signs it may be finally emerging from the doldrums. We would like to thank investors for their support thus far, and we trust that the new energies we have within the team will help drive the value our ardent investors deserve."



    Incoming director background Information:


    Paul Johnson, aged 46, is a Director and the Chief Executive Officer of Metal Tiger PLC, a company listed on the AIM market of the London Stock Exchange. Mr Johnson is a co-founder of MiningMaven, an investor communications service focused on the natural resources sector, and his previous roles have included Business Risk Consulting Group Manager for FM Global and Regional Director for Capita McLarens. Mr Johnson is a Chartered Accountant, and an Associate of the Chartered Institute of Loss Adjusters and of the Chartered Insurance Institute. He holds a BSc (Hons) in Management Science from UMIST School of Management in Manchester.

    Paul Johnson is, or has been, a director or partner of the following companies or partnerships during the previous five years:


    Current

    Previous

    Metal Tiger Plc

    The Vitiligo Society

    Metal Capital Limited

    Catalyst Strategies Limited

    Value at Risk Limited

    ECR Minerals Plc

    Value Generation Limited

    Strathmore Accountants Limited

    Metalnrg Plc

    Commercial Assure Limited


    Open 2 Barter Limited


    Catalyst Information Services Limited


    Mr Johnson will be Chairman of the Company's remuneration committee.

    Mr Johnson and his spouse are interested in 54,406,636 ordinary shares of 0.1 pence each, representing 4.56 per cent of the Company's issued share capital.

    Michael Alexander Borrelli, FCA, aged 60, is the Chairman and Chief Executive of BMR Group PLC, a company listed on the AIM market of the London Stock Exchange. Mr Borrelli qualified as a Chartered Accountant with Deloitte, Haskins & Sells, London in 1982. He then moved into investment banking, with Shore Capital, Granville and CCF Laurence Prust, and has acted on a wide variety of corporate transactions in a senior role for over 20 years, including flotations, takeovers, and mergers and acquisitions for private and quoted companies. Mr Borrelli was, until recently, chairman of Ablon Group Limited, a real estate group with a portfolio valuation of ca EUR400 million in Central Europe (formerly listed on the Main Market, standard segment, of the London Stock Exchange prior to being the subject of a successful cash offer in 2013).

    Mr Borrelli is, or has been, a director or partner of the following companies or partnerships during the previous five years:


    Current

    Previous

    Metal Tiger Plc

    Strategic Minerals Plc

    B W A Group Plc

    Town & Suburban Investments Plc

    Enviro Props Limited

    Nordic Panorama Plc

    Enviro Processing Limited

    Anturion Limited (UK)

    Borrelli Capital Limited

    Anturion Limited (Guernsey)

    Metal Horse Limited

    Ablon Group Limited and its subsidiaries:

    Prego International Limited

    Alamondo Limited

    BNB Recruitment Solutions Plc

    Avacero Limited

    Mineralfields Group Limited

    Avidano Limited

    Mineralfields Limited

    Bluebeat Limited

    BMR Group Plc

    Bregova Limited

    The Black Sea Property Fund Limited

    Derisa Limited


    Doresto Limited


    Gomendo Limited


    Goranda Limited


    Istafia Limited


    Jonvero Limited


    Leriegos Limited


    Mesargosa Limited


    Osmania Limited


    Pringipo Limited


    Tunelia Limited


    Shaheda Limited


    Volanti Limited


    Mr Borrelli was a director of BNB Recruitment Solutions plc (''BNB'') from 5 April 2007 until its liquidation on 25 January 2010. BNB was placed into administration on 29 June 2009 and entered into a creditors' voluntary liquidation on 25 January 2010. As at 20 January 2010, the estimated outcome statement showed a deficit as regards unsecured creditors of £10,824,327.

    Mr Borrelli was a director of IAF Securities Limited (''IAF'') from 1 September 2008 until 18 January 2009. IAF entered into a creditors' voluntary liquidation on 23 March 2009.

    Mr Borrelli will be Chairman of the Company's audit committee.

    Save as set out above there are no other disclosures in respect of the appointments of Alex Borrelli and Paul Johnson that fall to be made under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.


    Enquiries:

    Greatland Gold PLC
    Callum Baxter/Andrew Bell

    Tel +44 (0)20 77479980

    Email: info@greatlandgold.com

    www.greatlandgold.com


    Grant Thornton UK LLP (Nominated Adviser)
    Colin Aaronson / Richard Tonthat / Daniel Bush

    Tel +44 (0)20 7383 5100


    SI Capital Limited (Broker)

    Nick Emerson / Andy Thacker

    Tel +44 (0)14 8341 3500


    Finsbury (Media Relations)
    Gordon Simpson / Olivia Simpson

    Tel +44 (0)20 7251 3801



    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 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.




    This information is provided by RNS
    The company news service from the London Stock Exchange

    END
     
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  12. mart101

    mart101 Demi God of BlueShare

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    Shares in place of salary - confident then!

    Director options and salary sacrifice proposal

    RNS Number : 7899V
    Greatland Gold PLC
    20 April 2016

    20 April 2016

    Greatland Gold plc
    ("Greatland" or "the Company")


    Director Shareholdings



    Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business is pleased to announce the allocation of director share options and a salary sacrifice proposal from the directors of the Company.



    Highlights:


    - Following the appointment of Alex Borrelli and Paul Johnson to the board of Greatland Gold plc, director share options announced on 6 April 2016 have now been allocated to board members;

    - Board directors have also chosen to sacrifice a total of £83,000 of cash salary/fees, in exchange for Greatland Gold plc shares at 0.175p per share, with proposals to be submitted for shareholder approval at General Meeting;

    - Board's strategic review underway with interim progress to be announced shortly.



    Andrew Bell, Chairman of Greatland commented "I am pleased to announce both the allocation of options and the salary sacrifice by directors in exchange for shares in Greatland.


    As a board we have an opportunity, from the resource sector lows of recent times, to deliver material returns for shareholders if we work hard, act innovatively and build our business proactively.


    I am particularly pleased to see the salary sacrifice, which not only saves the company cash outlay but further helps align the board with shareholder interests. However we will let shareholders decide at general meeting if they wish to support our salary sacrifice proposals.


    I would note that the salary sacrifice proposal was suggested by one board member in respect of his own fees and ultimately, all board members decided to engage with this proposal.


    With the new board members it is interesting to see the fresh energy injected and an increase in momentum. More things are starting to happen and we look forward to seeing this momentum takes hold."



    Director Share Options


    On 6 April 2016 the Company announced a board restructuring and two proposed new directors joining the board, Paul Johnson and Alex Borreli. The appointment of the new directors was confirmed on 18 April 2016 following completion of due diligence.


    Within the 6 April 2016 announcement, the Company outlined plans to award 100 million share options to directors with an exercise price of 0.20p and an exercise period of three years. The exercise price of 0.20p was set at a 100% premium to the placing also announced on 6 April, and it was confirmed that options awarded to directors will only become exercisable when the share price of Greatland Gopld achieves a volume weighted average price ("VWAP") of 0.30p for 5 trading days or more.


    The board has now agreed to allocate these options on the basis of 25 million to each of the four directors; Callum Baxter Executive Director, Andrew Bell Chairman, Alex Borrelli Non-Executive Director and Paul Johnson Non-Executive Director. The options vest immediately but can only be exercised after exceeding the VWAP exercise hurdle described above.


    The Company's only other director options were announced on 7 November 2013 (30 million options outstanding at an exercise price of 0.5p per share with an expiry date of 1 November 2017) and these have now been cancelled.



    Director Salary Sacrifice in Exchange for Company Shares


    The directors of the Company have proposed to swap a proportion of salary for the next twelve months in exchange for Greatland Gold plc shares (the "Salary Sacrifice Shares") at a price of 0.175p per share, which was the mid price at the time the swap was laid before the board for consideration. This proposal will be placed before shareholders for approval at a General Meeting, details of which will be announced to the market shortly.


    The details for each director are provided below:



    Director

    Position

    Salary Sacrificed

    Salary Sacrifice Shares





    Andrew Bell

    Chairman

    £24,000

    13,714,285

    Callum Baxter

    Executive Director

    £24,000

    13,714,285

    Alex Borrelli

    Non-Executive Director

    £17,500

    10,000,000

    Paul Johnson

    Non-Executive Director

    £17,500

    10,000,000


    Should shareholders approve the issue of the shares to directors at the General Meeting, the Company's issued share capital will comprise 1,239,766,515 ordinary shares of 0.1p each.


    Director Shareholdings and Options Summary


    Subject to shareholder approval at General Meeting of the Salary Sacrifice Shares, the shareholdings and share options held by the board will be as follows:


    Director

    Position

    Shares Held

    % of enlarged share capital of the Company

    Options Held






    Andrew Bell

    Chairman

    37,452,284

    3.02%

    25,000,000

    Callum Baxter

    Executive Director

    24,572,951

    1.98%

    25,000,000

    Alex Borrelli

    Non-Executive Director

    10,000,000

    0.81%

    25,000,000

    Paul Johnson (& Spouse)

    Non-Executive Director

    64,406,636

    5.20%

    25,000,000



    Board Strategic Review


    The Board are currently undertaking a detailed review of the Company's business which includes an assessment of the allocation of future expenditure on existing prospects and a range of potential new opportunities.


    The Board recognise the importance of accelerating this review process and positioning the Company to take advantage of the upside potential a recovering resource market offers. It is also accepted that the Company must be seen to communicate with regard to its activities and increase investor awareness wherever possible.


    Reflecting this, an update announcement as to the progress of this strategic review process will be announced in due course.



    Enquiries:

    Greatland Gold PLC
    Callum Baxter/ Andrew Bell

    Tel +44 (0)20 77479980

    Email: info@greatlandgold.com

    www.greatlandgold.com


    Grant Thornton UK LLP (Nominated Adviser)
    Colin Aaronson / Richard Tonthat / Daniel Bush

    Tel +44 (0)20 7383 5100


    SI Capital Limited (Broker)

    Nick Emerson / Andy Thacker

    Tel +44 (0)14 8341 3500


    Finsbury (Media Relations)
    Gordon Simpson / Olivia Simpson

    Tel +44 (0)20 7251 3801



    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 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.




    This information is provided by RNS
    The company news service from the London Stock Exchange

    END


    DSHLLFLISFIIFIR
     
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  13. BigP

    BigP Keeping the Faith

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  14. BigP

    BigP Keeping the Faith

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    Great plug by PJ for GGP at the Miningmaven event tonight:):):)
     
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  15. BigP

    BigP Keeping the Faith

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    PJ's plug seemed to have worked:);)

    Greatland Gold Plc (GGP) Ord gbp0.001
    Sell:0.23p Buy:0.24p [​IMG] 0.04p (19.50%)
     
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  16. Steamy

    Steamy Co-Founder of BlueShare Staff Member Moderator

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  17. mart101

    mart101 Demi God of BlueShare

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    The market liked that video I think

    Greatland Gold Plc (GGP) Ord gbp0.001
    Sell:0.24p Buy:0.25p [​IMG] 0.02p (10.89%)
     
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  18. mart101

    mart101 Demi God of BlueShare

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  19. mart101

    mart101 Demi God of BlueShare

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    Greatland Gold PLC
    Financing update
    RNS Number : 1029W
    Greatland Gold PLC
    22 April 2016

    22 April 2016

    Greatland Gold plc
    ("Greatland" or "the Company")


    Financing Update



    Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, is pleased to announce the Company has raised £460,000 through a strategic placing and subscription of shares in the Company.


    Highlights:

    § Placing and subscription of 245,333,333 new ordinary shares of 0.1 pence each ("Ordinary Shares") in the capital of Greatland at a subscription price of 0.1875p per Ordinary Share, raising gross proceeds of £460,000 (the "Placing");


    § Placing and subscription undertaken at a discount of 6.25 per cent to the mid-market closing price as at 20 April 2016 of Greatland, the point at which the Company commenced the Placing;


    § Greatland Non-Executive Director Paul Johnson to participate in the Placing and acquire a further 13,333,333 Ordinary Shares for a subscription total of £25,000;


    § Issue of 245,333,333 warrants to subscribe for 245,333,333 new Ordinary Shares in Greatland at an exercise price of 0.375p per warrant, within a 24 month exercise period (i.e. one warrant issued at 0.375p for each ordinary share purchased at 0.1875p), potentially raising a further £920,000 for the Company at 0.375p, should the options be exercised;


    § The Placing is subject to approval at General Meeting, to be held on 11th May 2016. Further details of the General Meeting are below;


    § The net proceeds of the Placing will be used to augment existing working capital balances and to facilitate strategic project development of certain existing portfolio projects, whilst exploring potential new opportunities.


    Callum Baxter, Executive Director of Greatland commented:"I am pleased to announce this additional fundraising which was undertaken with reference to the mid-price of Greatland's shares at the point the transaction was commenced.

    The incoming net proceeds of the Placing, when added to existing cash resources, place the Company in a strong financial position with around £950,000 cash at bank and no debt.

    Greatland now has the financial resources to move forward the most engaging current portfolio prospects and to seriously consider new opportunities that have the potential to add material value for shareholders. Further information will be provided to market in respect of the ongoing strategic review and the crystallisation of new opportunities as and when appropriate.

    The Board believes that Greatland, particularly having now secured additional financing, is in a highly advantageous position to build value as the resource sector shows increasing signs of recovery."

    Placing and subscription summary

    Greatland has agreed a placing and subscription to raise £460,000 gross proceeds through the issue of 245,333,333 Greatland Ordinary Shares at price per share of 0.1875p (the "Placing Shares").

    Each Placing Share issued has an accompanying warrant to subscribe for an additional Greatland new Ordinary Share at a price of 0.375p at any time within the 24 months following admission to trading of the Placing Shares (representing the issue of a total of 245,333,333 warrants). Should all of these warrants be exercised, a further £920,000 will be raised for the Company at a price of 0.375p.

    Subject to shareholder approval of all resolutions at the General Meeting on 11 May 2016, including the approval of the issue of Ordinary Shares in lieu of remuneration to the Board (the "Salary Sacrifice Shares"), as announced on 20 April 2016, the 245,333,333 Placing Shares and the 47,428,570 Salary Sacrifice Shares are expected to be admitted to trading on or around 19 May 2016. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Greatland following the issue and allotment of the Placing Shares and the Salary Sacrifice Shares comprises 1,485,099,848 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury. This total figure of 1,485,099,848 may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in Greatland under the DTRs.

    Director Proposed Share Purchase


    Paul Johnson, a Non-Executive director of the Company is to participate in the Placing, subscribing for 13,333,333 Ordinary Shares, for a total consideration of £25,000. Paul Johnson's participation in the Placing constitutes a related party transaction pursuant to Rule 13 of the AIM Rules for Companies.


    The independent directors, having consulted with Grant Thornton UK LLP, the Company's Nominated Adviser, confirm that they are satisfied that the terms of Paul Johnson's participation in the Placing are fair and reasonable insofar as the Company's shareholders are concerned.


    Following the completion of the Placing, and assuming shareholders support the salary sacrifice proposal announced on 20 April 2016, Paul Johnson (and his associated parties) will hold an interest in 77,739,969 Greatland Ordinary Shares, representing 5.23 per cent of the Company's issued share capital and voting rights.


    General Meeting

    A General Meeting of the Company will be held at 11am on 11th May 2016 at the Company's Registered Office: 1 Adam Street, London, WC2N 6LE. A notice of meeting is being prepared and will be published via market announcement and posted to shareholders on Monday 25th April 2016.

    The purpose of the meeting is to approve the Board's salary sacrifice proposal outlined in the Company's announcement dated 20th April 2016. In addition, in order to undertake the Placing, the Company will be seeking the approval of shareholders to issue and allot shares in the manner outlined above.



    Enquiries:

    Greatland Gold PLC
    Callum Baxter/ Andrew Bell

    Tel +44 (0)20 77479980

    Email: info@greatlandgold.com

    www.greatlandgold.com


    Grant Thornton UK LLP (Nominated Adviser)
    Colin Aaronson / Richard Tonthat / Daniel Bush

    Tel +44 (0)20 7383 5100


    SI Capital Limited (Broker)

    Nick Emerson / Andy Thacker

    Tel +44 (0)14 8341 3500


    Finsbury (Media Relations)
    Gordon Simpson / Olivia Simpson

    Tel +44 (0)20 7251 3801



    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.




    This information is provided by RNS
    The company news service from the London Stock Exchange

    END
     
  20. Larry

    Larry Demi God of BlueShare

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