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GBM RESOURCES LIMITED. Capital/Financing Update 2012

Jul 16, 2012

64966_rns_2012-07-16_fc69a5f2-9098-42fd-948e-7ac4f5f1ef1c.pdf

Capital/Financing Update

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----- Start of picture text ----- ABN 91 124 752 745----- End of picture text -----

ASX Announcement

ASX Code: GBZ

17 July 2012

SHARE PURCHASE PLAN

The Directors of GBM Resources Limited are please to advise that the Company is offering eligible Shareholders the opportunity to subscribe for up to $15,000 worth of fully paid ordinary shares in the Company through a Share Purchase Plan (Offer), without incurring brokerage or other associated costs.

The Offer encourages and enables Shareholders with smaller parcels of shares the opportunity to increase their holdings in the Company at a price of 5 cents per share.

The maximum amount that can raised under the Plan is approximately A$3,500,000 and entitles Eligible Shareholders, irrespective of the size of their shareholding, to purchase up to A$15,000 worth of Shares. The maximum number of New Shares that may be issued pursuant to this Offer is limited to 30% of the Company’s current issued capital.

The Offer will be available to eligible Shareholders who are registered as holders of fully paid ordinary shares in the Company as at 5pm (WST) on Monday 16 July 2012 (Record Date).

Timetable and Important Dates

Timetable and Important Dates
Date
Record Date Monday 16 July 2012
Date Offer Announced Tuesday 17 July 2012
Opening Date of Offer* Thursday 19 July 2012
Closing Date of Offer* Friday 10 August 2012
Issue of Shares Pursuant to the Offer* Tuesday 14 August 2012
Despatch Date for Holding Statements* Wednesday 15 August 2012
Quotation of Shares on ASX* Friday 17 August 2012

*Dates are indicative only. The Company may vary the dates and times of the Offer without notice.

The Offer documents, which set out the terms of the Offer, will be mailed to Shareholders shortly.

GBM Resources Limited

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Peter Thompson Executive Chairman

Registered Office: Suite 8, 7 The Esplanade, Mt Pleasant, Western Australia 6153 Tel: (08)9316 9100Fax: (08)9315 5475Web: www.gbmr.com.au Exploration Office: 10 Parker Street, Castlemaine, Victoria 3450 Tel: (03) 5470 5033