Gold Mountain Limited (ASX: GMN) announced that it had received firm commitments from new and previous sophisticated and professional investors to raise AU$1.56 million via a placement. The placement includes the issue of approx. 260,000,000 fully paid ordinary shares at AU$0.006 per new share.
Proceeds from the placement will be used to fund the continuing exploration program at Gold Mountain Limited’s highly potential Wabag Project in PNG, towards due diligence of the lithium projects held by Mars Mines Limited, and for the general working capital requirement.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
