Greatland Gold (GB:GGP) has released an update.
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Greatland Gold plc announces a strategic acquisition of a 70% interest in the Havieron gold-copper project and 100% ownership of the Telfer gold-copper mine, consolidating its assets in Australia. The deal includes an underwritten US$325 million equity placement and a retail offer, aiming to create a major Australian gold-copper mining complex. Greatland emphasizes the transaction’s potential for value accretion and near-term cash flow generation, with further upside expected from integrated operations and optimization.
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