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
Tekova Oyj has completed a technical listing on the Nasdaq First North Growth Market Finland
Tekova Oyj has successfully completed a technical listing (IPO) on the Nasdaq First North Growth Market Finland. This transaction marks a significant milestone in the company’s growth strategy, enhancing its visibility and access to capital markets.
Learn moreDuke Capital Limited has completed a fundraising
Duke Capital Limited has completed a successful fundraise, securing US$29.8 million (£23.5 million) through a placing and retail offer on the Alternative Investment Market (AIM). This milestone will further enable Duke Capital to continue its innovative approach to alternative financing solutions for small and medium enterprises (SMEs) across the UK and Europe.
Learn moreHaldiram Bhujiawala has raised equity
Haldiram Bhujiawala Ltd. has successfully completed a fundraising. This significant funding will support Haldiram’s growth strategy by enhancing its manufacturing capabilities and enabling expansion into new geographies, beyond its established leadership in Eastern and North-Eastern India. The capital will accelerate Haldiram’s journey toward becoming a pan-India brand.
Learn more