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GBM RESOURCES LIMITED. — Capital/Financing Update 2016
May 8, 2016
64966_rns_2016-05-08_a8dc337b-e399-4c46-9f7c-4abe669261d6.pdf
Capital/Financing Update
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DGO Gold Limited
ABN 96 124 562 849
Principal office: 27 General Macarthur Place Redbank Qld 4301 Australia Postal address: P.O. Box 294 Carole Park Qld 4300 Australia Telephone: + 61 7 3381 5368 Facsimile: + 61 7 3381 5365 Email: [email protected] Website: www.dgogold.com.au
9 May 2016
Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000
Dear Sirs,
RE: Sale of 50 million shares in GBM Resources Limited
DGO Gold Limited (“DGO”) is pleased to announce that it has sold its 50 million fully paid ordinary shares in the GBM Resources Limited (ASX: GBZ) for a total cash consideration of $600,000.
It is advised that the funds will be used for working capital purposes and for DGO’s ongoing greenfield exploration strategy that focuses on exploring for gold and base metal deposits in sedimentary basins of the “right“ age for the occurrence of sediment hosted gold mineralisation as indicated by the research by CODES at the University of Tasmania.
Please feel free to contact the Company Secretary if you require any further information regarding this transaction.
Yours faithfully DGO GOLD LIMITED
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MICHAEL ILETT COMPANY SECRETARY