News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • 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
  • 2021 - 09 - 26
    Click on the number of times: 1
    source:Mirage NewsCase Western Reserve scientists lead National Science Foundation-funded investigation into novel process for recovering critical metals from phosphate miningA Case Western Reserve Un...
  • 2021 - 09 - 24
    Click on the number of times: 0
    source:financial postLONDON and VANCOUVER, British Columbia, Sept. 23, 2021 (GLOBE NEWSWIRE) — Mkango Resources Ltd (AIM / TSX-V: MKA) (the “Company” or “Mkango”), is pleased to announce that the mana...
  • 2021 - 09 - 23
    Click on the number of times: 0
    source:EurekAlertAn electrochemical approach developed at KAUST produces molecular-sieving membranes that could enable a cheap energy-efficient separation of light hydrocarbons, such as olefins and pa...
  • 2021 - 09 - 22
    Click on the number of times: 0
    Hard Single-Molecule Magnets for Data Storage: Tetranuclear Rare Earth Metal Complexes With Giant Spin source:SciTechDailyMagnets formed from a single molecule are of particular interest in data ...
  • 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