Greatland Gold

Canaccord Genuity acts as Global Coordinator and Sole Bookrunner to Greatland Gold plc on its US$325 million Placing

Canaccord Genuity is pleased to announce it has acted as Global Coordinator and Sole Bookrunner on a US$325 million placing (the “Placing”) for Greatland Gold plc (“Greatland”). The Placing was oversubscribed, with the shares placed with new and existing institutional investors globally. 

The proceeds of the Placing will primarily be used to finance the cash component of the acquisition of a 70% ownership interest in the Havieron gold-copper project (consolidating Greatland's ownership of Havieron to 100%), 100% ownership of the Telfer gold-copper mine, and other related interests in assets in the Paterson region all currently owned by Newmont Corporation (the “Acquisition”).

The acquisition of Havieron and Telfer is an accretive and strategically compelling transaction for the Greatland, with Havieron being a world class gold-copper project with a Mineral Resource of 8.4Moz gold equivalent metal content and Telfer providing existing processing infrastructure and potential for near term production. Following completion of the Acquisition, the operating strategy for Greatland is to renew and develop an integrated Telfer-Havieron mining and processing operation, to create a generational Australian gold copper mining complex.