1st Jul 2016 13:12
LONDON (Alliance News) - Greatland Gold PLC on Friday said it has granted warrants to subscribe for 25 million new shares at an exercise price of 0.5 pence each to its broker SI Capital Ltd 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, SI Capital has seven days to exercise and a further 14 days to pay. Otherwise the warrants will be cancelled.
Shares in Greatland were trading down 4.8% at 0.281p on Friday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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