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Gold Mountain Raises $3.5m to Accelerate Brazil and PNG Exploration
8:46am on Monday 29th of September, 2025 AEST
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Mining
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Gold Mountain Raises $3.5m to Accelerate Brazil and PNG Exploration
8:46am on Monday 29th of September, 2025 AEST
Key Points
Pro rata entitlement offer to raise approximately $1.53 million at $0.05 per share with attaching options
Placement of about $1.99 million at $0.06525 per share with director appointment rights
Underwritten retail entitlement offer backed by major shareholder Jose Luis Manzano
Funds allocated to exploration in Brazil, license maintenance in PNG, corporate and transaction costs
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Gold Mountain (ASX:GMN)
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