Greatland Gold plc has announced the exercise of options and partial sale of shares by Non-Executive Director Alex Borrelli. Borrelli exercised options for a total of 19,000,000 shares at various exercise prices, with a total consideration of £124,200. Following the exercise, Borrelli retained 9,000,000 shares and sold 10,000,000 shares to fund exercise costs and tax liabilities. Borrelli's shareholding in the company now stands at 35,403,372 shares, representing 0.70% of the total voting rights. Borrelli does not hold any further share options in the company.
An application will be made to the London Stock Exchange for the admission of 19,000,000 new fully paid ordinary shares to trading on AIM. The admission is expected to occur on October 6, 2023. Following the admission, the total issued share capital of the company will consist of 5,090,376,282 ordinary shares, with a total of 5,090,376,282 voting rights.
The exercise of options and sale of shares by Borrelli was made in accordance with the requirements of the EU Market Abuse Regulation. The transactions were conducted on the London Stock Exchange, AIM Market.
Greatland Gold is a mining development and exploration company focused primarily on precious and base metals. Its flagship asset is the Havieron gold-copper project in Western Australia, which is being developed in a joint venture with Newcrest Mining Limited.