THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE
REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF
THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION
SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
19 November 2024
Great Southern Copper
plc
("GSC" or the
"Company")
Issue of Shares and Director/PDMR
Shareholdings
Great Southern Copper plc (LSE: GSCU), the
company focused on copper-gold exploration in Chile, announces that
it has issued 1,168,580 new ordinary shares of 1p each ("New
Ordinary Shares") to Charles Bond, Chairman of Great Southern
Copper, in accordance with the terms of Mr. Bond's letter of
appointment whereby it was agreed his salary will be paid quarterly
in ordinary shares.
In addition, the Company has issued 2,862,583
New Ordinary Shares in respect to the following:
·
1,272,250 at £0.012 per share issued to a consultant in lieu
of services provided during 2024.
·
1,590,333 at £0.012 per share as part payment to the vendors
of the San Lorenzo project under an option agreement with the
Company.
The New Ordinary Shares issued to Mr. Bond
represent the share compensation due from 1 April 2024 to 30
September 2024. The details of the issuance are set out
below:
|
Period
|
Value of share
issuance GBP£
|
Number of New
Ordinary Shares issued
|
Number of
ordinary shares held following the issuance
|
Percentage of
the enlarged ordinary share capital
|
|
1/04/2024 - 30/06/2024
1/07/2024 - 30/09/2024
|
£8,568
£8,002
|
646,611
521,969
|
6,570,230
|
1.28%
|
Admission and
Total Voting Rights
Application has been made for the 4,031,163 New
Ordinary Shares, which will rank pari passu in all respects with the
existing ordinary shares in the Company, and will be admitted to
the Official List and to trading on the Main Market of the London
Stock Exchange, which is expected to occur on or around 8.00 a.m.
on 21 November 2024 ("Admission"). In addition, a further 606,949
New Ordinary Shares will be applied for in relation to the issuance
to Mr. Bond in January and April 2024 as previously
announced.
Following admission, the total number of issued
shares and the total number of voting rights in the Company is
514,643,990. The above figure should be used by shareholders in the
Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Enquiries:
|
Great Southern
Copper plc
|
|
|
Sam Garrett, Chief Executive Officer
|
+44 (0) 20 4582 3500
|
|
|
|
|
SI Capital
Limited
|
|
|
Nick Emerson
|
+44 (0) 1483 413500
|
|
|
|
|
Capital Plus
Partners
|
|
|
Keith Swann
|
+44 (0) 203 8216167
|
|
|
|
|
Gracechurch
Group
|
|
|
Harry Chathli, Alexis Gore, Henry
Gamble
|
+44 (0) 20 4582 3500
|
Notification
and public disclosure of transactions by persons discharging
managerial responsibilities/ person closely associated with
them.
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Charles Bond
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chairman
|
|
b)
|
Initial notification/
Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor
|
|
a)
|
Name
|
Great Southern Copper plc
|
|
b)
|
LEI
|
213800RF6N9WA8PZH313
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Ordinary shares of 1 pence
each
GB00BLB5BF24
|
|
b)
|
Nature of the transaction
|
Shares issued in lieu of salary
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.325p*
|
646,611
|
|
1.533p**
|
521,969
|
* weighted average share price from 1
April 2024 to 30 June 2024
** weighted average share price from
1 July 2024 to 30 September 2024
|
|
e)
|
Date of the transaction
|
21 November
2024
|
|
f)
|
Place of the
transaction
|
Outside of trading venue - issued of
new ordinary shares
|
About Great
Southern Copper
Great Southern Copper PLC is a UK-listed
mineral exploration company focused on the discovery of copper-gold
and lithium deposits in Chile. The Company has the option to
acquire rights to 100% of two projects in the under-explored
coastal belt of Chile that are prospective for large scale
copper-gold deposits. In addition, the Company has the option to
acquire rights to 100% of a lithium project located in the Salar de
Atacama district of Chile. Chile is a globally significant mining
jurisdiction being the world's largest copper producer and the
second-largest producer of lithium.
The two, early-stage Cu-Au projects comprise
the San Lorenzo and Especularita Projects, both located in the
coastal metallogenic belt of Chile which hosts significant copper
mines and deposits, including Teck's Carmen de Andacollo copper
mine, and boasts excellent access to infrastructure such as roads,
power and ports. Significant historical small-scale and artisanal
workings for both copper and gold are readily evident in both
exploration project areas.
The Company's Monti Lithium project is
strategically located in the pre-Andean region of Salar de Atacama
which is Chile's premier lithium-producing region with
well-established lithium mining operations and
infrastructure.
Great Southern Copper is strategically
positioned to support the global market for copper and lithium -
both critical battery metals in the clean energy transition around
the world. The Company is actively engaged in exploration and
evaluation work programmes targeting both large tonnage, low to
medium grade Cu-Au and Li deposits as well as high-grade Cu-Au
deposits.
Further information on the Company is available
on the Company's website: https://gscplc.com