Greatland Gold finished selling shares worth 490.4 million Australian dollars through its stock exchange offering. The mining company raised 50 million dollars from fresh shares priced at 6.60 dollars each. Newmont sold 66.72 million existing shares for 440.4 million dollars during the same deal. Buyers paid top prices within the expected range for both types of stock. Investment demand reached exceptional levels according to company leaders.
Chief executive Shaun Day praised the strong investor response to their Telfer mine and Havieron development projects. The company gained full control of these mining assets back during December. Existing shareholders supported the Australian stock offering alongside new domestic and international investors. Day believes the ASX provides a perfect listing location for Greatland as a gold and copper producer. The company plans to complete its corporate restructuring under Greatland Resources and start trading on both exchanges.
Chief executive Shaun Day praised the strong investor response to their Telfer mine and Havieron development projects. The company gained full control of these mining assets back during December. Existing shareholders supported the Australian stock offering alongside new domestic and international investors. Day believes the ASX provides a perfect listing location for Greatland as a gold and copper producer. The company plans to complete its corporate restructuring under Greatland Resources and start trading on both exchanges.
