BRIEF-Greatland Gold To Buy Telfer Mine, 70% Of Havieron Project For Up To $475 Mln-March 2024-www.financetom.com

BRIEF-Greatland Gold To Buy Telfer Mine, 70% Of Havieron Project For Up To $475 Mln

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BRIEF-Greatland Gold To Buy Telfer Mine, 70% Of Havieron Project For Up To $475 Mln

Sep 10, 2024 11:58 PM

Sept 10 (Reuters) - Greatland Gold PLC:

* TRANSFORMATIONAL ACQUISITION OF HAVIERON & TELFER

* TO ACQUIRE 70% HAVIERON AND 100% TELFER

* TOTAL CONSIDERATION FOR ACQUISITION UP TO $475 MILLION

* UNDERWRITTEN $325 MILLION PLACING AND PROPOSED RETAIL

OFFER OF

UP TO ABOUT $9 MILLION

* NEWMONT EXPECTED TO HOLD UP TO 20.4% OF ENLARGED GROUP

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