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How Will GBM’s $13M Raise and Board Shake-Up Unlock Drummond Basin Gold?
9:03am on Tuesday 24th of June, 2025 AEST
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Mining
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How Will GBM’s $13M Raise and Board Shake-Up Unlock Drummond Basin Gold?
9:03am on Tuesday 24th of June, 2025 AEST
Key Points
A$13 million placement to new and existing investors
Full repayment and cancellation of $6.2 million convertible notes
Board reshuffle with Ian Middlemas appointed Chairman
Termination of Wise Walkers farm-in agreement, regaining 100% Twin Hills ownership
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