GBM secures Mount Coolon loan

GBM Resources has secured a $A10 million loan from UK-based financial services group National Federal Capital to finance the redevelopment of its Mount Coolon gold project in Queensland.

GBM secures Mount Coolon loan GBM secures Mount Coolon loan GBM secures Mount Coolon loan GBM secures Mount Coolon loan GBM secures Mount Coolon loan

The first $5 million of the loan, due before November 21, will be repaid by the delivery of a total of 6057 ounces of gold in quarterly instalments from November 30, 2018.

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