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LONDON - Greatland Resources Limited (ASX:GGP and AIM:GGP) announced Thursday it has issued 132,899 new ordinary shares to Rio Tinto (NYSE:RIO) Exploration Pty Limited as part of their previously established joint venture agreement for the Paterson South project.
The share issuance fulfills the up-front consideration due to Rio Tinto under the farm-in and joint venture agreement that was initially announced by Greatland Gold plc on May 30, 2023, and further detailed in Greatland Resources’ Australian prospectus dated May 30, 2025.
The company has applied for these new shares to be admitted to trading on London’s AIM market, with admission expected to take effect around July 28, 2025.
Following the admission of these new shares, Greatland Resources’ total issued share capital will consist of 670,751,673 ordinary shares, each carrying one voting right. The company confirmed it holds no shares in treasury.
This information was released by Greatland Resources in a regulatory press release statement that noted shareholders should use the updated share count as the denominator when calculating if they need to notify their interest under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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