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    GGG   AU000000GGG4

GREENLAND MINERALS LIMITED

(GGG)
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Greenland Minerals and Energy Limited : Greenland Minerals and Energy MD Rod McIllree acquires more shares

10/11/2012 | 05:33am EDT

Suite 5, Level 8, 99 York Street, Sydney NSW 2000

P: +61 2 9299 5001 | F: +61 2 9299 8001

Greenland Minerals and Energy

action@proactiveinvestors.com.au www.proactiveinvestors.com.au

Oct 11th 2012

Greenland Minerals and Energy MD Rod McIllree acquires more shares

Greenland Minerals and Energy's (ASX: GGG) managing director Roderick McIllree continues to increase his shareholding on-market with the purchase of a further 200,000 shares.

McIllree acquired the shares for a total consideration of A$59,000, providing an average entry price of $0.295.

He now holds nearly 12 million shares, 2.8 million performance options in three tranches and 2.7 million performance rights, also in three tranches.

Greenland Minerals and Energy is focused on securing 100% ownership of the

Kvanefjeld multi-element project in Greenland.

Demonstrating the strong support for the company and the Kvanefjeld project, Greenland recently closed a $15 million capital raising oversubscribed to fund the move to full ownership.

The capital raising follows major advances in the development of the company's core asset.

Greenland Minerals and Energy continues to optimise the Kvanefjeld project, which is recognised as one of the world's largest resources of heavy and light rare earth elements and uranium.

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Price: A$0.29 Market Cap: A$122.89M 1 Year Share Price Graph Share Information Code: GGG Listing: ASX Sector: General Mining Website: www.ggg.gl Company Synopsis:

Greenland Minerals and Energy's (ASX: GGG) flagship project is Kvanefjeld, a multi-element deposit located near the southwest tip of Greenland. Kvanefjeld is rapidly growing into one of the worlds

largest undeveloped deposits of rare earth elements, uranium and naturally occurring sodium fluoride.

Author: Angela Kean +61 2 9299 5001

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ę Publicnow 2012
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Financials
Sales 2020 0,16 M 0,12 M 0,12 M
Net income 2020 -3,08 M -2,30 M -2,30 M
Net cash 2020 36,0 M 26,9 M 26,9 M
P/E ratio 2020 -102x
Yield 2020 -
Capitalization 133 M 99,4 M 99,4 M
EV / Sales 2019 2 293x
EV / Sales 2020 2 018x
Nbr of Employees 28
Free-Float 81,4%
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Managers and Directors
NameTitle
John Lefroy Mair Managing Director & Executive Director
Miles Simon Guy Chief Financial Officer & Secretary
Peng Ho Non-Executive Chairman
Simon Kenneth Cato Non-Executive Director
Xiaolei Guo Non-Executive Director
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