LONDON - Greatland Gold plc (AIM:GGP), a precious and base metals exploration and development company, has released a Supplementary Admission Document concerning its recent acquisition activities. The document provides additional details and updates related to the company's reverse takeover of certain Newmont Corporation subsidiaries.
Greatland Gold initially published an Admission Document on September 10, 2024, outlining the terms of its acquisition of a 70% ownership interest in the Havieron gold-copper project, full ownership of the Telfer gold-copper mine, and other assets in the Paterson region from Newmont.
The acquisition is classified as a reverse takeover under the AIM Rules for Companies. Consequently, the current admission of Greatland's ordinary shares will be canceled upon the completion of the acquisition. The company has applied for the immediate admission of its enlarged share capital to trading on AIM, which is anticipated to take place at 8:00 a.m. on Wednesday.
Investors and interested parties can access the Supplementary Admission Document, dated December 3, 2024, on Greatland Gold's website. The document includes recent updates since the original Admission Document was published.
This move by Greatland Gold is part of its strategic efforts to expand its portfolio in the mining sector and is expected to be a significant step in the company's growth. The information provided in this article is based on a press release statement from Greatland Gold plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.