Result of General Meeting

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Greatland Gold plc (LON:GGP), the London Stock Exchange AIM quoted precious and base metals exploration and development business, announces that at the General Meeting which was held earlier today, all resolutions were duly passed. 

As a result of the directors receiving shareholder approval for increased authority to issue shares and the right to subscribe for shares on a non-pre-emptive basis, the Company will proceed with the placing announced on 22 April 2016 by issuing 245,333,333 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) to raise £460,000. As previously announced, Paul Johnson, Non-Executive Director of Greatland is participating in the placing, to acquire 13,333,333 Ordinary Shares for a total consideration of £25,000.

Further, the Company will also issue 47,428,570 Ordinary Shares to directors in exchange for a proportion of their salary for the next 12 months (details included in the announcement of 20 April 2016).

Directors’ interests

The table below sets out the directors’ resultant interests in the share capital of the Company following the issue of the Ordinary Shares outlined above:



Shares Held

% of the enlarged share capital of the Company following the issue of the placing and salary sacrifice shares

Andrew Bell




Callum Baxter

Executive Director



Alex Borrelli

Non-Executive Director



Paul Johnson (& Spouse)

Non-Executive Director



Andrew Bell is also a director and shareholder of Regency Mines Plc, which has a beneficial interest in 1,500,000 Greatland Ordinary Shares, representing 0.10 per cent of the enlarged issued share capital of the Company.

Paul Johnson and Alex Borrelli are also directors and shareholders of Metal Tiger Plc, which has a beneficial interest in 150,000,000 Greatland Ordinary Shares, representing 10.1 per cent of the enlarged issued share capital of the Company.

Settlement and dealings

Application will been made to the AIM market of the London Stock Exchange (“AIM”) for a total of 292,761,903 new Ordinary Shares, which rank pari passu with the Company’s existing issued Ordinary Shares, to be admitted to trading on AIM. Dealings on AIM are expected to commence at 8:00 a.m. on 19 May 2016 (“Admission”).

Total Voting Rights

For the purposes of the Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”), following Admission the issued ordinary share capital of Greatland comprises 1,485,099,848 Ordinary Shares with voting rights attached (one vote per share). The Company does not hold any shares in treasury.  This figure of 1,485,099,848 may be used by the Company’s shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in the share capital of Greatland under the DTRs.

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