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GBM RESOURCES LIMITED. — Capital/Financing Update 2017
Jul 10, 2017
64966_rns_2017-07-10_baf2d4b1-8017-4958-9e60-f6274445dc55.pdf
Capital/Financing Update
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ABN 91 124 752 745
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ASX Release 11 July 2017
ASX Code: GBZ
COMPANY DIRECTORS
Investment Sale
Australian Resources company GBM Resources Limited (ASX: GBZ ) (“ GBM ” or “ the Company ”) is pleased to announce that it has completed the sale of 17,610,618 ordinary shares in Anchor Resources Pte Ltd (Anchor), a company listed on the Catalist Board of the Singapore Stock Exchange, for a total amount of $1.257 million.
The total original investment of 35,221,236 ordinary Anchor shares was acquired pursuant to a share swap agreement relating to GBM’s original shareholding in Angka Alamjaya Sdn Bhd, which was vended into the Initial Public Offer of Anchor in March 2016.
The balance of GBM’s holding in Anchor, amounting to 17,610,618 shares, is subject to a trading restriction until 17 September 2017, and the Company will review the equity investment at that time.
For Further information please visit our website at www.gbmr.com.au or contact:
Peter Thompson Karen Oswald Managing Director Marko Communications GBM Resources Limited Tel: 0423 602 353 Tel: 08 9316 9100 Email: [email protected]
Peter Thompson Managing Director/ Executive Chairman
Neil Norris Exploration Director – Executive
Tan Hung Seng Non-Executive Director
CONTACT DETAILS
Principal & Registered Office Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153
Exploration Office 10 Parker Street, Castlemaine, Victoria 3450
Website
Phone +61 (8) 9316 9100
Fax +61 (8) 9315 5475
Phone (Exploration Office) +61 (3) 5470 5033
About GBM Resources
GBM Resources Ltd (ASX: GBZ) is an Australian resource company that listed on the ASX in 2007, headquartered in Perth WA, with exploration operations in Queensland and Victoria.
The Company’s primary focus is in key commodities of gold and copper-gold, assets in Australia. GBM tenements cover an area greater than 3,200 square kilometres in eight major projects areas in Queensland and Victoria.
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GBM is prioritising the exploration and development of the Mount Coolon Gold Project and Mount Morgan Gold Copper Project.