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LONDON - Greatland Resources Limited (ASX:GGP)(AIM:GGP) announced Tuesday it plans to issue 132,899 new ordinary shares to Rio Tinto (NYSE:RIO) Exploration Pty Limited as part of their Paterson South project joint venture agreement.
The share issuance represents the up-front consideration due to Rio Tinto under the farm-in and joint venture arrangement that was initially announced on May 30, 2023, and detailed in Greatland’s Australian prospectus dated May 30, 2025.
According to the company statement, the shares are expected to be issued on July 24, 2025, with an application to be made to the London Stock Exchange (LON:LSEG) for the shares to be admitted to trading on AIM. The admission is anticipated to take effect at 8:00 a.m. on or around July 28, 2025.
Greatland Resources has submitted the required Form 3B documentation on the Australian Securities Exchange (ASX) regarding the proposed share issuance.
The announcement, which was released via a regulatory information service, contains information considered to be in the public domain under UK Market Abuse Regulations, according to the company’s press release statement.
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