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Greatland Gold PLC - operates Telfer and Havieron gold-copper mines in Paterson Province of Western Australia - Raises £6.7 million from its offer of new shares to retail investors in the UK. The 2.1 million new shares were sold at 316 pence each, the same price used by Greatland Resources Ltd for its placing of new and existing shares on the Australian Securities Exchange. This offer had raised A$50 million for the company from the sale of 7.6 million new shares and A$440.4 million for a subsidiary of Newmont Corp from the sale of 66.7 million existing shares, both at A$6.60 per share, about £3.16. At that price, which reflects a 20-into-1 share consolidation, the company has a market capitalisation of A$4.4 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 the next day. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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