GBM Resources (ASX:GBZ) has raised US$5.4 million via a placement
GBM Resources Limited has raised funds to accelerate drilling at the flagship Drummond Basin, along with funding the acquisition of Twin Hills.
GBM Resources is a gold exploration and development company with 1.5Moz gold JORC resources, focused on the discovery of world-class gold deposits in eastern Australia. It has three core projects: Flagship Drummond Basin assets, which include Mt Coolan, Yandan and Twin Hills; Malmsbury Project (50% JV with Novo Resources) for highly prospective “Fosterville style” gold target in Victorian goldfield; and White Dam, 100%-cashflow generating gold copper heap leach operation.
Oaklins’ team in Australia acted as joint lead manager alongside Taylor Collison. This is the third raise that the team has advised GBM on in the past two years.
Talk to the deal team
Related deals
Electro Optic Systems has acquired the UK interceptor business of MARSS
Electro Optic Systems Holdings Limited (ASX: EOS) has acquired the UK-based interceptor unmanned aerial system business of MARSS Group for US$6.4 million (€5.5 million). The interceptor is a reusable electric drone effector guided by imaging sensors and AI, which EOS will integrate into its counter-drone portfolio for defense and critical infrastructure customers. EOS plans further investment to complete development.
Learn moreBanca Monte dei Paschi di Siena has completed a voluntary public exchange offer for Mediobanca
Banca Monte dei Paschi di Siena S.p.A. has finalized a voluntary public exchange offer for 100% of Mediobanca S.p.A.’s share capital, marking a significant step in the consolidation of the Italian banking sector.
Learn moreFirst Capital has completed an accelerated bookbuilding of 1.98% of Orsero’s share capital
Orsero S.p.A. has successfully completed an accelerated bookbuilding of 1.98% of its share capital, sold by First Capital, for a total deal value of US$7.2 million.
Learn more