TIDMGSCU
RNS Number : 8214W
Great Southern Copper PLC
14 December 2023
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 AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
14 December 2023
Great Southern Copper plc
("GSC" or the "Company")
Admission of Shares and Director/PDMR Shareholding
Further to the announcements on 23 November 2023 and on 7
December 2023, Great Southern Copper plc (LSE: GSCU), the company
focused on copper-gold and lithium exploration in Chile, is pleased
to announce that admission of 88,102,802 new ordinary shares to
listing on the Official List of the Financial Conduct Authority
("FCA") and to trading on the Main Market of the London Stock
Exchange("Admission"), became effective at 8.00 a.m. this
morning.
Details of new shares admitted
-- 40,222,206 new ordinary shares of 1p each, at a price of
GBP0.0225 per share, for a total amount of GBP905,000 through a
placing and subscription ("Placing and Subscription" or
"Fundraising");
-- 41,749,995 new ordinary shares at GBP0.012 per share, arising
on conversion of a convertible loan pursuant to the agreement
entered into between the Company and its major shareholder Foreign
Dimensions Pty Ltd dated and announced on 15 May 2023;
-- 4,436,834 new ordinary shares at GBP0.012 per share (in the
case of Samuel Garrett) and at GBP0.0139, GBP0.0145 and GBP0.0227
(in the case of Charles Bond, Chairman, being quarterly VWAPs) and
at GBP0.227 (in the case of Paul Williams, former CFO), pursuant to
an arrangement between the Company and these individuals pursuant
to which some or all of their respective salary has been sacrificed
and accrued; and
-- 1,693,767 new ordinary shares at GBP0.012 per share as part
payment to the vendors of the San Lorenzo project under an option
agreement with the Company dated 8 July 2023.
Director participation
The Directors of the Company participated in the Fundraising and
subscribed, in aggregate, for 3,333,332 new ordinary shares.
Details of the subscriptions by Directors are as follows:
Name Existing Number of Salary sacrifice Shareholding Percentage
shareholding new ordinary shares on Admission of issued
shares subscribed share capital
for on Admission
Charles
Bond 2,093,644 444,444 1,423,280 3,961,368 1.15%
-------------- ------------------- ----------------- -------------- ---------------
Sam Garrett 5,760,211 2,222,222 2,881,402 10,863,835 3.17%
-------------- ------------------- ----------------- -------------- ---------------
Nick Briers 1,033,333 444,444 1,477,777 0.43%
-------------- ------------------- ----------------- -------------- ---------------
Stuart Greene 933,333 222,222 1,155,555 0.34%
-------------- ------------------- ----------------- -------------- ---------------
9,820,521 3,333,332 4,304,682 17,458,535 5.09%
-------------- ------------------- ----------------- -------------- ---------------
Total voting rights
The total number of issued shares and the total number of voting
rights in the Company is 343,189,211. 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 FCA'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)14 8341 3500
--------------------
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 1. Charles Bond - Chairman
2. Samuel Garrett - Chief Executive
Officer
3. Nicholas Briers - Non-Executive
Director
4. Stuart Greene - Non-Executive Director
-------------------------- ------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status See 1(a) above
-------------------------- ------------------------------------------------------
b) Initial notification/ Initial Notification
Amendment
-------------------------- ------------------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code GB00BLB5BF24
-------------------------- ------------------------------------------------------
b) Nature of the transaction A. Subscription for shares
B. Satisfaction of accrued salary
for Charles Bond and Samuel Garrett
-------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
A 444,444
1. 2.25p 2,222,222
2. 2.25p 444,444
3. 2.25p 222,222
4. 2.25p
B 511,710
1. 1.39p 579,137
1. 1.45p 332,433
1. 2.27p 2,881,402
2. 1.20p
-----------
-------------------------- ------------------------------------------------------
d) Aggregated information
Aggregated volume Subscription shares 3,333,332
* Price 2.25p
Salary sacrifice shares 4,304,682
As box c
Aggregated volume
* Price
-------------------------- ------------------------------------------------------
e) Date of the transaction 14 December 2023
-------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ------------------------------------------------------
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
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END
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December 14, 2023 03:10 ET (08:10 GMT)
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