HomeFinTechGascoyne Resources: Launches $50m funding package

Gascoyne Resources: Launches $50m funding package

Date:

Revolut Expands Services: Users Can Now Send Money to China via Alipay

Revolut Enhances Global Transactions with New Alipay Integration for...

Consultation on the Future of Australian A2A Payments by AusPayNet and AP

Exploring Innovations and Developments in Account-to-Account Payment Systems Highlights: AusPayNet...

CastellumAI Raises $8.5M to Revolutionize AI in Real Estate

Empowering Real Estate with Innovative Artificial Intelligence Solutions Highlights: CastellumAI...

Gascoyne Resources Launches $50m funding package

  • Gascoyne Resources (GCY) launches a $50 million funding package for work at its Never Never and Dalgaranga projects in Western Australia
  • The planned funding comprises a $26.3 million equity raising, a $21.3 million investment from Tembo Capital and a $2.5 million unsecured loan from Delphi
  • In addition to funding future exploration, GCY has dedicated $2.5 million to settle amounts owed to creditors due to the suspension of Dalgaranga operations
  • GCY says the money will cover its planned exploration activities, care and maintenance costs, and working capital through to mid-2024
  • Company shares have been suspended from trading since November 22 and last traded at 19.5 cents
Exit mobile version