How Will GBM’s $13M Raise and Board Shakeup Accelerate Drummond Basin Gold Growth?

• Two-tranche placement raising A$13 million with shareholder approval pending for second tranche
• Full repayment of A$6.2 million convertible debt, resulting in a debt-free balance sheet
• Board restructure with new chairman Ian Middlemas and two new non-executive directors
• Termination of Wise Walkers farm-in; Wise Walkers converts prior expenditure to equity and becomes 19.99% cornerstone investor