+++++++++++++++++++++++++ The Company has raised $ 2.7 million from its institutional shareholders at 4.5 cents.
We would like to record our appreciation to existing institutional shareholders for their continuing support of the company and to welcome a new Australian institution to the register.
The Company anticipates execution of the ANZ Loan Documentation Agreement will take place on Monday 26th May.
Following execution of these Agreements the Company will be in a position to appoint an Underground Mining Contractor for the development and mining of the Chariot ore body and an engineering firm to manage the refurbishment of the Warrego mill.
The company expects to formally lock in on its hedging policy next week and will advise the market accordingly.
An announcement regarding the appointment of a new Chief Executive is likely to be made next week.
M T A Smith COMPANY SECRETARY
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I don't hold GTM--- Add 60 Million more shares
Fig Jam
GTM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held