Go to deals
Other Industries

GBM Resources (ASX:GBZ) has raised funds

GBM Resources Limited has raised US$4.15 million to aid its exploration strategy.

GBM Resources is a mineral exploration and development firm focused on the discovery of world-class gold and copper deposits in Eastern Australia. The company has a high-caliber project portfolio, hosting district-scale mineral systems located in a number of premier metallogenic terrains, including the Drummond Basin, Mt. Morgan district and the Mt. Isa Inlier in Queensland, and the Malmsbury project in the prolific Victorian goldfields.

Oaklins’ team in Australia acted as lead manager to a rights entitlement offer, whereby existing shareholders subscribed with applications for entitlements totaling US$778,082. The team then placed the shortfall of the rights issue, the shortfall offer of approximately US$1.62 million and a back-ended placement of US$1.99 million on the same terms as the shortfall offer, due to exceptionally strong demand.

Service
Funding, debt advisory & ECM
Parties
“These placements, along with earlier placements in 2020, will result in GBM having in excess of US$5.6 million in cash and marketable securities on completion of the offers and placement, and will support our strategy to accelerate development and exploration activities across our portfolio. The additional funds from the shortfall offer and the placement will provide a stronger financial base to maximize the efficiency of our development and exploration activities.”

Peter Rohner

Managing Director and CEO, GBM Resources Limited

Talk to the deal team

 Justin  Lewis

Justin Lewis

Managing Director

Melbourne, Australia
Oaklins Henslow
 Ryan  Whitelegg

Ryan Whitelegg

Managing Director

Melbourne, Australia
Oaklins Henslow

Related deals

Laptaria cu Caimac has completed an IPO
Food & Beverage

Laptaria cu Caimac has completed an IPO

Laptaria cu Caimac has raised US$5 million through a private placement of shares on the ATS Market of BSE. The funds will be used for the development of the factory, namely, the construction of a bottle and jar washing station, utility systems and packaging storage.

Learn more
Nutricare has raised US$3.1 million via an entitlement offer
Consumer & Retail | Healthcare

Nutricare has raised US$3.1 million via an entitlement offer

Nutricare Pty Ltd has raised funds to support its growth strategy.

Learn more
Alexandria Pankkiiriliike Oyj has raised US$9.7m in the course of its IPO on NASDAQ First North Finland
Financial Services

Alexandria Pankkiiriliike Oyj has raised US$9.7m in the course of its IPO on NASDAQ First North Finland

Alexandria Pankkiiriliike Oyj (Alexandria) has raised US$9.7 million in the course of its IPO.

Learn more