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Greatland Gold raises £750k via placing

Wednesday, 20th September 2017
Greatland Gold has confirmed that the Company successfully raised £750k via the placing of 166,666,667 new ordinary shares at 0.45p each.

The net proceeds of the placing will be used to accelerate exploration activity across Company's portfolio of 100% owned, Australian-based projects.

The funds raised increase the Company's cash balances to approximately £1,500,000.

Gervaise Heddle, Chief Executive Officer, commented: "I am pleased at the level of support for our oversubscribed placing of £750,000 and look forward to putting the funds raised to work within the Company by accelerating our exploration plans across the portfolio of 100% owned, Australian-based projects. We welcome our new shareholders onto our register and thank our existing shareholders for their continued support."

At 1:35pm: (LON:GGP) Greatland Gold PLC share price was -0.05p at 0.53p

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