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.
2 July 2024
Great Southern Copper plc
("GSC" or the "Company")
Admission of Shares and Director/PDMR Shareholding
Further to the announcement on 26 June 2024, Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold and lithium exploration in Chile, announces that the admission of the 104,416,667 new ordinary shares to trading on the main market of the London Stock Exchange plc, became effective at 8.00am this morning.
Details of new shares admitted
· 104,416,667 new ordinary shares of 1p each, at a price of £0.012 per ordinary share for gross total proceeds of £1,253,000 through a placing and subscription
Director Participation
The Directors of the Company participated in the fundraise and subscribed, in aggregate, for 2,916,666 shares. Details of the subscriptions by Directors are as follows:
| Name | Existing shareholding | % | Number of placing shares subscribed for | Shareholding on Admission | Percentage of issued share capital on Admission |
| Charles Bond | 4,568,317 | 1.33% | 833,333 | 5,401,650 | 1.57% |
| Sam Garrett | 10,863,835 | 3.16% | 2,083,333 | 12,947,168 | 3.77% |
| | 15,423,152 | 4.49% | 2,916,666 | 18,348,818 | 5.34% |
Total Voting Rights
The total number of issued shares and the total number of voting rights in the Company is 447,605,878. 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. This is a revised figure from that released on 26 June 2024 of 448,212,807 to correct for an error.
Enquiries:
| Great Southern Copper plc | |
| Sam Garrett, Chief Executive Officer | +44 (0)20 4582 3500 |
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| |
| SI Capital Limited | |
| Nick Emerson | +44 (0)14 8341 3500 |
| | |
| Capital Plus Partners | |
| Keith Swann | +44 (0) 203 8216167 |
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| 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
| ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | See 1(a) above | ||||||
| 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
| A. Subscription for shares
| ||||||
| c) | Price(s) and volume(s)
|
| ||||||
| d) | Aggregated information
Aggregated volume
- Price
|
2,916,666
1.20p | ||||||
| e) | Date of the transaction
| 2 July 2024
| ||||||
| 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 Especularita and San Lorenzo 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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