CAPITAL MARKETS

National Federal pulls pin on GBM funding

UNITED Kingdom financial services group National Federal Capital has failed to stump up with the cash it promised to ASX-listed GBM Resources, with the latter's planned merger with WCB Resources now on the rocks.

Michael Quinn
National Federal pulls pin on GBM funding

National Federal was to have loaned GBM $A10 million, with $8.5 million of that to have gone towards developing the Mt Coolon gold project in Queensland. National Federal handed over an initial $1.5...

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