News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Greenland Minerals chair’s SPP participation further validates rare earth strategy

The date of: 2020-12-31
viewed: 0
source:Proactive Investors USA&Canada

Anthony Ho purchased 57,188 shares in the strongly supported A$4 million SPP after acquiring 100,000 shares earlier this month in an on-market transaction.

Greenland Minerals Ltd (ASX:GGG) (OTCMKTS:GDLNF) (FRA:G7P) non-executive chairman Anthony Ho has shown his support for the company and its rare earth strategy by participating in a share purchase plan (SPP).
On December 30 Ho acquired 57,188 shares valued at A$13,725.12 in direct and indirect interests and now holds almost 4.033 million shares.
It was his second purchase this month with 100,000 shares valued at A$24,500 obtained in an on-market transaction on December 1.
SPP strongly supported
The company was delighted with the outcome of the SPP which raised A$4 million after applications were received for shares valued at A$8.6 million.
Its original target was A$3 million and funds accepted have been scaled back with the company issuing 16,694,694 new shares.
The heavily oversubscribed SPP takes the company’s total capital raising proceeds to A$34 million after raising A$30 million in a placement to institutional and sophisticated investors at A$0.24 per share.
Funds for Kvanefjeld project
Proceeds will be used to finalise licensing and permitting for the Kvanefjeld Rare Earth Project in Greenland and conversion of the optimised feasibility study to a definitive feasibility study.
The proceeds will also advance offtake and project funding discussions as well as to expand organisational capacity to accelerate pre-development work.
Shares trend higher
GGG's market cap currently stands at approximately A$350.4 million while shares last traded at A$0.265 up from A$0.24 at market close on December 10.
This year shares have traded in the range of A$0.067 to A$0.345, a new seven-year high.



Hot News / Related to recommend
  • 2022 - 01 - 24
    Click on the number of times: 0
    source:MirageLithium-ion batteries are relatively safe, long-lasting, fast charging and better for the environment than non-rechargeable batteries-right? Not quite. The rocking-chair mechanism that al...
  • 2022 - 01 - 24
    Click on the number of times: 0
    source:InsideEXsGeneral Motors announced announced a nearly $154 million investment in its Western New York Lockport Components plant to handle electric motor components production.Specifically, the p...
  • 2022 - 01 - 21
    Click on the number of times: 0
    source:BollyinsideAustralia’s Lynas Rare Earths Ltd posted record second-quarter income on Wednesday, as demand for metals used in electric vehicles (EVs) developed in the midst of a worldwide push fo...
  • 2022 - 01 - 21
    Click on the number of times: 0
    source:The Korea BizwireA South Korean research team has developed a protein absorbent that can collect rare earth elements from steel slag, an industrial by-product.The National Research Foundation o...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务