Greatland Gold plc has announced the exercise of options and partial sale of shares by Non-Executive Director Clive Latcham. Latcham exercised options for a total of 2,750,000 shares at exercise prices of £2.50 and £3.00, resulting in a total consideration of £75,000. He retained 700,000 shares and sold 2,050,000 shares to fund exercise costs and tax liabilities. Latcham now holds 3,850,000 shares in the company, representing 0.08% of the total voting rights. He does not hold any further share options.
An application will be made to the London Stock Exchange for the admission of 2,750,000 new fully paid ordinary shares to trading on AIM. The admission is expected to occur on September 29, 2023. Following the admission, the total issued share capital of the company will consist of 5,071,376,282 ordinary shares, with a corresponding total number of voting rights.
The exercise of options and sale of shares by Clive Latcham has been disclosed in accordance with the requirements of the EU Market Abuse Regulation. The notification provides detailed information about the transactions, including the date, price, and volume of shares involved.
Greatland Gold is a mining development and exploration company focused 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. The project is located near Newcrest's Telfer gold mine and is currently undergoing development. If a positive feasibility study and Decision to Mine are reached, Havieron may utilize the existing Telfer infrastructure and processing plant.