Greatland Gold has been readmitted to AIM under a new holding company called Greatland Resources. (LON: GGP). It is also starting trading on ASX.
There was a consolidation of 20 shares into one new share. The previous closing price was 15.6p, so the consolidated price is 312p. The current share price has risen to 327.5p.
Greatland Resources raised £23.9m at 316p/share (A$6.60/share) in Australia, while a UK retail offer raised £6.69m. Newmont Corporation sold shares and its stake fell from 20.2% to 9.95%.
The core asset is the 100%-owned Havieron high-grade gold copper deposit in Paterson Province in Western Australia. There is also the operating Telfer gold copper mine. There are plans for an integrated Telfer-Havieron mining and processing operation.