Greatland Resources Limited (LSE:GGP) has initiated a bookbuild process for its planned Australian capital raise, seeking to secure up to AUD 50 million. The offering will involve the issuance of new ordinary shares on a non-pre-emptive basis, alongside the sale of shares held by Newmont NOL Pty Limited. This fundraising move supports Greatland’s strategy to dual-list on the Australian Securities Exchange (ASX), broadening its shareholder base and increasing visibility among investors in the Asia-Pacific region.
The offering targets institutional investors across Australia, New Zealand, and other qualified jurisdictions, while also including Australian retail investors. In parallel, the company has launched a UK Retail Offer aiming to raise up to €8 million, allowing retail shareholders in the UK to participate in the capital raise by subscribing to new shares.
Although Greatland Gold is currently navigating financial challenges, including a stretched valuation and ongoing concerns about its fiscal strength, recent technical indicators suggest positive market momentum. Strategic developments, such as the ASX cross-listing and associated fundraising, may position the company for future growth—especially as it moves from exploration toward production, a key step in improving its long-term financial outlook.
About Greatland Gold
Greatland Gold is a resource-focused mining company listed on London’s AIM market. Its operations are centered in Western Australia, where it explores and develops gold and copper assets. The company’s flagship projects include the Havieron gold-copper development and the adjacent Telfer mine, both situated in the resource-rich Paterson Province of the East Pilbara.
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