Placing of Shares
(Thomson Reuters ONE) -
24 May 2010
GREATLAND GOLD PLC
PLACING OF SHARES
Greatland Gold plc ("Greatland" or the "Company"), the mineral exploration and
development company focused on gold projects in Tasmania and Western Australia,
is pleased to announce that it has placed 50,000,000 Ordinary Shares of 0.1p
each in Greatland at a price of 1.2p per share to raise a total of £600,000
before expenses.
The funds raised will be used to provide additional working capital for the
Company; making an immediate contribution to drilling activities at its large,
wholly owned, Ernest Giles gold project in Western Australia.
Application has been made for the admission to trading on AIM of these shares,
with admission expected to take place on 27 May 2010.
Following the issue of these shares, Greatland's capital will consist of
289,550,000 ordinary shares of 0.1p with voting rights. Greatland does not hold
any shares in treasury.
Therefore, the total number of voting rights in Greatland is 289,550,000.
The above figure 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 FSA's
Disclosure and Transparency Rules.
For more information please contact:
Greatland Gold plc
Callum Baxter
Tel +44 (0)20 7099 5845
Email: info(at)greatlandgold.com
www.greatlandgold.com
Grant Thornton Corporate Finance
Gerry Beaney / Colin Aaronson
Tel +44 (0)20 7383 5100
[HUG#1418205]
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2010 - 10:06 Uhr
Sprache: Deutsch
News-ID 21349
Anzahl Zeichen: 0
contact information:
Town:
London,
Kategorie:
Business News
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