Greenland Minerals and Energy Ltd.

Published : July 09th, 2014

Greenland Minerals and Energy Limited: Fully Underwritten $8.9M Rights Issue Closes Oversubscribed

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Greenland Minerals and Energy Limited: Fully Underwritten $8.9M Rights Issue Closes Oversubscribed

PERTH, WESTERN AUSTRALIA--(Marketwired - Jul 8, 2014) - Greenland Minerals and Energy Limited ("GMEL" or "the Company") (GGG.AX)(GDLNF) is pleased to advise that the rights issue announced on 6 June, 2014 closed on 3 July, 2014 oversubscribed. All securities offered were applied for under the rights issue and as a consequence there was no shortfall. The fully underwritten issue raised approximately $8.9 million (before costs).

The Company is very pleased with the outcome and the level of support it received from its shareholders, particularly in these difficult market conditions. A significant number of shareholders applied for allocations in excess of their entitlement and a large number of rights traded so the issue closed oversubscribed. The Board believes this reflects the world class quality of the Company's flagship Kvanefjeld rare earth-uranium project, and the exciting milestones that GMEL aims to achieve in the near future.

Net proceeds in conjunction with existing cash reserves will be used to finalise a mining license application for the Kvanefjeld project, strategically located in southern Greenland. The Company will continue to progress discussions with potential strategic development partners through this important period.

The rights issue was priced at 10 cents and for every new share applied investors received one new option which will be quoted under the ASX code GGGOA.

The holding statements for the new securities will be dispatched shortly. The rights issue was managed by Patersons Securities Limited, with Wimmer Financial and CPS Securities as co-managers.

GMEL looks forward to providing project updates, and announcing the initiation of key work programs in the coming days to weeks.

To read the full ASX announcement go to www.ggg.gl/docs/ASX-announcements/Completion-of-rights-issue.pdf.

ABOUT GREENLAND MINERALS AND ENERGY LTD.

Greenland Minerals and Energy Ltd. (GGG.AX) is an exploration and development company focused on developing high-quality mineral projects in Greenland. The Company's flagship project is the Kvanefjeld multi-element deposit (Rare Earth Elements, Uranium, Zinc), which is rapidly emerging as a premier specialty metals project. A comprehensive pre-feasibility study has demonstrated the potential for a large-scale, cost-competitive, multi-element mining operation. For further information on Greenland Minerals and Energy visit www.ggg.gl.

ABN 85 118 463 004

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Greenland Minerals and Energy Ltd.

EXPLORATION STAGE
CODE : GGG.AX
ISIN : AU000000GGG4
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Greenland Min. is a zinc and uranium exploration company based in Australia.

Greenland Min. holds various exploration projects in Greenland.

Its main exploration properties are KVANEFJELD and ZONE 2 in Greenland.

Greenland Min. is listed in Australia. Its market capitalisation is AU$ 64.3 millions as of today (US$ 46.4 millions, € 40.7 millions).

Its stock quote reached its highest recent level on February 18, 2011 at AU$ 1.37, and its lowest recent point on April 01, 2016 at AU$ 0.02.

Greenland Min. has 1 004 770 048 shares outstanding.

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Nominations of Greenland Minerals and Energy Ltd.
2/8/2011Appoints New Commercial Manager
Financials of Greenland Minerals and Energy Ltd.
2/2/2011Quarterly Report - Q4 2010
Project news of Greenland Minerals and Energy Ltd.
10/16/2013(Kvanefjeld)Progress Environmental and Social Impact Assessments on the ...
3/26/2013(Kvanefjeld)Kvanefjeld Feasibility Study Developments: Mine and Concentr...
10/17/2012(Kvanefjeld)Acquisition of the Outstanding 39% of the Kvanefjeld Multi E...
2/23/2012(Kvanefjeld): Kvanefjeld Project-Major Technical Breakthrough: Atmospher...
12/5/2011(Kvanefjeld)Government Introduces Uranium Licensing Framework for Kvanef...
8/15/2011gains full control of world's largest rare earth project
5/3/2011(Kvanefjeld)Builds First-Class Team to Facilitate the Kvanefjeld Feasibi...
3/23/2011(Kvanefjeld)Releases an Upgraded Resource Estimate for the Kvanefjeld Mu...
2/17/2011(Zone 2)Confirms a Substantial New Rare Earth Element - Uranium Depo...
2/1/2011(Kvanefjeld)Greenland Minerals Awards Contracts for Key Social and Envir...
Corporate news of Greenland Minerals and Energy Ltd.
6/9/2016Greenland and Denmark Pass Uranium Export Legislation, Solid...
2/1/2016December 2015 Quarterly Report
1/26/2016Greenland rare earth mining to remain contentious due to ura...
1/25/2016Greenland and Denmark Reach Landmark Agreement on Uranium Ex...
10/14/2015Director Appointment
4/10/2015Notice of Annual General Meeting and Explanatory Statement
4/7/2015New Memorandum of Understanding Signed With NFC to Focus on ...
4/7/2015(Kvanefjeld)New Memorandum of Understanding Signed With NFC to Focus on ...
4/1/2015Exploration license renewal – 1 Apr 2015
4/1/20152014 Annual Financial report – 20 Mar 2015
4/1/2015Outstanding 2% royalty purchase – 10 Mar 2013
3/3/2015Company Presentation, March 2015
3/2/2015Company Presentation, March 2015
3/2/2015Update on Current Activities, Outlook and Funding
2/12/2015Kvanefjeld Project – Mineral Resource Update
12/17/2014Assay of Historic Drill Cores at Kvanefjeld Return High-Grad...
12/3/2014Greenland parties in coalition talks, mining in focus
10/23/2014Feasibility Study Progress
7/9/2014Greenland Minerals and Energy Limited: Fully Underwritten $8...
10/27/2013Repeals Zero-Tolerance Uranium Policy
7/25/2013Set for Key Role in EU-Backed Rare Earth Supply Chain Initia...
10/1/2012Completes Capital Raising and Launches Share Purchase Plan
9/25/2012GGG:ASX Bell Potter Securities Initiates Research Coverage o...
9/20/2012(Kvanefjeld)Kvanefjeld Feasibility Study Underway: Metallurgical Develop...
8/6/2012(Kvanefjeld)Finalises Full Ownership of Kvanefjeld Multi-Element Project...
7/4/2012Greenland Minerals Renames Zone 2 Rare Ear
6/6/2012(Kvanefjeld)Zone 3 Grows Kvanefjeld Project Resource Inventory to 575 Ml...
5/17/2012Shaw Stockbroking increases Greenland Minerals valuation to ...
5/4/2012(Kvanefjeld)Kvanefjeld Prefeasibility Study Confirms a Long-Life, Cost C...
4/19/2012RM Research Commences Coverage on Greenland Minerals:
4/12/2012Annual Report: Greenland Minerals and Energy And Controlled ...
3/27/2012'Zone 3' Rare Earth - Uranium Deposit Shapes Up With Solid D...
3/21/2012(Zone 2)Releases Initial 242 Million Tonne Mineral Resource Estimate...
10/6/2011Independent Investment Research - Greenland Minerals and Ene...
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