GBM Resources (ASX:GBZ) has raised US$5.4 million via a placement
September 2021 — 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.
Our role in the transaction
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
Mattina Holding has sold a 5% stake in Gens Aurea via accelerated bookbuild
Mattina Holding S.A. (DVC Partners) has sold a 5% stake in Italian company Gens Aurea S.p.A. through an accelerated bookbuild, raising approximately US$69.96 million.
Learn moreVeremark has completed a secondary share sale
Veremark, the global workplace trust company, has completed an employee and early investor secondary share sale, on the London Stock Exchange’s (LSE) Private Securities Market (PSM), valuing the company at over US$133 million in enterprise value. Crowdcube, Europe’s leading private market liquidity platform, managed the transaction.
Learn moreTandem has completed a voluntary public tender offer for the shares of Compagnia dei Caraibi
Tandem S.r.l. has completed a voluntary public tender offer for 25.99% of the shares in Compagnia dei Caraibi S.p.A.
Learn more