THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.

13 September 2024

Greatland Gold plc

("Greatland" or the "Company")  

Result of Retail Offer

Greatland Gold plc (AIM:GGP), announced on 10 September 2024 the launch of a fundraising comprising a placing conducted by Canaccord Genuity Limited ("Canaccord")(the "Placing") and a separate offer via PrimaryBid (the "Retail Offer") (together the "Equity Raising").

The Company is pleased to announce that further to the announcement of the results of the Placing on 11 September 2024, the oversubscribed Retail Offer successfully closed at 4:45 p.m. on 12 September 2024.  The Retail Offer has been taken up in full and the Company has conditionally raised additional gross proceeds of approximately £6.7 million at 4.8 pence per ordinary share via the Retail Offer.

Subject to the passing of Resolution 1 at the Company's forthcoming General Meeting and the closing of the Placing, the Company will therefore issue and allot a total of 140,725,613 New Ordinary Shares to satisfy the Retail Offer ("Retail Offer Shares") with allocation preference being given to the existing shareholders of the Company.

Admission

Application will be made to the London Stock Exchange for these Retail Offer Shares, which rank pari passu with the Company's existing Ordinary Shares and the shares to be issued pursuant to the Placing, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at and Dealings are expected to commence at 8.00 a.m. on 1 October 2024. 

Defined terms in this announcement shall have the same meaning as in the Company announcement at 4:45 p.m. on 10 September 2024, unless otherwise specified.

Enquiries

Important Information

This Announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This Announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This Announcement and the information contained herein, is restricted and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into Australia, Canada, the Republic of South Africa, Japan or any other jurisdiction in which such publication, release or distribution would be unlawful. Further, this Announcement is for information purposes only and is not an offer of securities in any jurisdiction.