Great Boulder Resources prepares gold development path
Melbourne, Victoria
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November 23, 2023 02:50 PM Eastern Standard Time
Great Boulder Resources Ltd (ASX:GBR) MD Andrew Paterson speaks with Proactive after announcing the company has received binding commitments to raise $4.5 million before costs in a placement offering shares at $0.05 per share. The placement received strong support from existing major shareholders Zebina Minerals and Lion Selection Group, and was cornerstoned by institutional investor Collins St Asset Management, which subscribed for 41 million new shares in return for $2.05 million.
Paterson said: “This successful capital raise in difficult market conditions is a strong validation of the Side Well Project, the Great Boulder team and the current strategy in place to maximise shareholder value.
“Following our first drilling program in August 2020, Side Well now has a high-grade resource of 668,000 ounces, providing a strong growth platform to prove up the project’s multi-million-ounce potential."
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
