HomeBusinessGME Resources: Announces $1.5M entitlement offer

GME Resources: Announces $1.5M entitlement offer

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GME Resources: Announces $1.5M entitlement offer

  • GME Resources (GME) has announced a 1:10 renounceable entitlement issue to raise up to $1.5 million
  • More than 50 million shares will issued at a price of three cents each
  • Participating shareholders will receive one new share for every 10 shares held on the record date
  • GME will also use the money to continue discussions with potential strategic partners for its NiWest Nickel-Cobalt Project in Western Australia
  • The money will also go towards infill drilling at its Fairfield, Homeward Bound and Federation gold prospects, and general working capital
  • GME has ended the day with no change and shares trading for four cents each
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