Gympie moots innovative joint venture scheme

GOLD and coal producer Gympie Gold said yesterday it is considering an innovative joint venture arrangement to fund exploration, development and production of the southern Gympie goldfields in south-east Queensland.

Gympie moots innovative joint venture scheme Gympie moots innovative joint venture scheme Gympie moots innovative joint venture scheme Gympie moots innovative joint venture scheme Gympie moots innovative joint venture scheme

Investment houses ABN Amro Morgans and Direct Portfolio are behind the deal, which Gympie hopes will raise it $30 million, with Gympie to retain a majority of about 60%.

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