Exercise of Warrants and Conversion of Loan Note
Great Southern Copper PLC has announced the exercise of warrants, resulting in the subscription of 8,333,335 new ordinary shares for gross proceeds of £200,000 at 2.4p per share. Additionally, the company will issue 18,000,000 new ordinary shares to convert a loan agreement at 2.90p per share, held by its largest shareholder. These 26,333,335 new shares are expected to be admitted to trading on the London Stock Exchange around January 26, 2026, bringing the total issued share capital to 716,251,283.
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Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold-silver exploration in Chile, announces that warrant holders have exercised their right to subscribe for 8,333,335 new ordinary shares of 1p each in capital of the Company ("Ordinary Shares") at an exercise price of 2.4p per share for gross proceeds of £200,000.
In addition, the Company announces that it will issue 18,000,000 new Ordinary Shares of 1p each to convert the loan agreement announced on 5 March 2025. The loan note is fully drawn and convertible at 2.90p per ordinary share and is held by the largest shareholder Foreign Dimensions PTY Limited.
Admission to Trading and Total Voting Rights
Application for admission has been made and the admission of these 26,333,335 new Ordinary Shares to trading on the Main Market of the London Stock Exchange plc, which is expected to become effective on or around 8.00am on 26 January 2026 ("Admission").
Following Admission, the total number of issued shares and the total number of voting rights in the Company will be 716,251,283. This 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.