The company has received feedback from a significant number of shareholders who have expressed interest in participating in the SPP but are experiencing delays in receiving the SPP offer documents through the post.
Based on this, it has been decided to extend the closing date of the SPP, to allow all shareholders the opportunity to participate.
The purpose of the SPP is to offer existing eligible shareholders the opportunity to make an additional investment in the company on the same terms as the recent placement, which raised A$30 million.
Greenland Minerals has targeted to raise an amount of $A3,000,000 by the issue of 12.5 million new shares under the plan.
These dates are indicative and Greenland Minerals may vary the date of the offer without notice.
Shareholders are encouraged to submit their application form as early as possible.
In its absolute discretion, the company reserves the right to accept oversubscriptions (and thereby increase the amount raised) and the right to scale-back applications.
If there is a scale-back, eligible shareholders may therefore receive less than the parcel of new shares for which they applied.