Great Boulder Resources: Secures $7m to accelerate Side Well

Great Boulder Resources Secures $7m to accelerate Side Well

• Great Boulder Resources (GBR) raises $7 million through a placement to speed up exploration at the Side Well gold project in WA
• Under the placement, the company will issue nearly 64 million shares for 11 cents each, a 12 per cent discount to the last closing price
• Funds will be spent on exploration and drilling campaigns at Side Well
• Settlement of placement shares is expected to occur on or about April 5
• GBR shares hold steady at 12.5 cents