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Great Southern Copper PLC - Chile-focused copper, gold and lithium explorer - Will hold annual general meeting on Tuesday, September 30. Resolutions proposed include independent shareholders voting in relation to its largest shareholder, Foreign Dimensions Pty Ltd, being allowed to exercise all its warrants in Great Southern without triggering the obligation to make a mandatory offer under Rule 9 of the City Code on Takeovers & Mergers. Says Foreign Dimensions and its concert parties currently hold a 46.72% stake, and it has agreed to exercise 6.3 million of the warrants it was issued in May 2023. It retains a further 25.1 million warrants. All warrants are exercisable at 2.4 pence per share. Great Southern expects the admission of the 6.3 million new shares issued to take effect on October 6. Chair Charles Bond comments: ‘The continued support of long-term shareholder Foreign Dimensions, who remain willing to exercise warrants at 2.4p in the context of a lower share price, is greatly appreciated. The current and possible future warrant exercises (which will be enabled by the proposed shareholder approval) in combination with the draw down of the £522,000 convertible loan (which converts at premium to market), allow [Great Southern Copper] to continue advancing its projects in Chile including phase 3 drilling at Mostaza due to commence shortly.’ Current stock price: 2.10p, up 2.4% on Friday in London 12-month change: up 86% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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