Greatland Gold Plc
Canaccord Genuity acts as Joint Broker and Joint Bookrunner to Greatland Gold Plc on its $16 million Fundraise
Canaccord Genuity’s Corporate Broking team is pleased toannounce it has acted as Joint Bookrunner and Joint Broker on a $16 million Placing, Subscription and Retail Offering (the“Fundraise”) for Greatland Gold Plc (“Greatland” or “Company”).
Greatland Gold (LSE: GGP) is a mining development and exploration company with a focus on precious and base metals. The Fundraise consisted of a Placing of new ordinary shares, adirect subscription of new ordinary shares by directors and officers of the Company and a Retail Offering via the Primary Bid platform. The Fundraise was oversubscribed and upsized.
Greatland intends to use the net proceeds of the Fundraise to fast track the development of the Company’s flagship asset, the Havieron gold-copper deposit ("Havieron"); to accelerate exploration activities on the Company’s 100%-owned licenses to target new discoveries similar to Havieron in the Paterson region; and to pay certain costs associated with working capital and general corporate purposes.