UPDATE: Greatland Gold raises GBP7 million from retail share offer
17th Jun 2025 12:00
Greatland Gold PLC - operates Telfer and Havieron gold-copper mines in Paterson Province of Western Australia - Raises GBP6.7 million from its offer of new shares to retail investors in the UK. The 2.1 million new shares were sold at 316 pence each, the same price used by Greatland Resources Ltd for its placing of new and existing shares on the Australian Securities Exchange. This offer had raised AUD50 million for the company from the sale of 7.6 million new shares and AUD440.4 million for a subsidiary of Newmont Corp from the sale of 66.7 million existing shares, both at AUD6.60 per share, about GBP3.16. At that price, which reflects a 20-into-1 share consolidation, the company has a market capitalisation of AUD4.4 billion. Read More