16th Jun 2025 12:52
Greatland Gold PLC - operates Telfer and Havieron gold-copper mines in Paterson Province of Western Australia - Greatland Resources Ltd raises AUD490 million, about GBP235 million, from its offer of new and existing shares on the Australian Stock Exchange. Raises 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.
Greatland Resources will replace Greatland Gold as the parent company of the group and be listed on both ASX in Sydney and AIM in London. Greatland Gold shares will be cancelled from trading on AIM on Monday next week and replaced that day by Greatland Resources, which will begin trading on ASX on Tuesday.
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Greatland Gold