23rd May 2025 10:19
(Alliance News) - Greatland Gold PLC on Friday announced that Greatland Resources Ltd will trade on the Australian Securities Exchange and on the AIM market in London.
Greatland Resources will be the new holding company for Greatland Gold, which has been trading on the AIM market since 2006.
The Western Australia-focused metals exploration and development company said Greatland Resources aims to raise up to AUD50 million, around GBP23.9 million, via an initial public offer.
Further, via a UK retail offer for Greatland Resources shares on AIM, it aims to raise AUD14 million.
Greatland said scheme shareholders will be issued one share in Greatland Resources for every 20 Greatland Gold shares that they hold.
Greatland Gold expects Greatland Resources to start trading on the AIM market in London on June 23, and on the Australian Securities Exchange a day later.
Greatland Gold shares rose 3.3% to 13.64 pence each on Friday morning in London, giving it a market capitalisation of GBP1.80 billion.
By Tom Budszus, Alliance News slot editor
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