Minjar axes GBM deal

GBM Resources has flagged legal action after Chinese-controlled Minjar Gold terminated a 2017 deal for the A$1.5 million acquisition of the Twin Hills gold project in Queensland, with the vendor claiming GBM failed to meet all the conditions precedent despite several extensions.

Minjar axes GBM deal Minjar axes GBM deal Minjar axes GBM deal Minjar axes GBM deal Minjar axes GBM deal

GBM's bid to secure the Twin Hills project appears to have been terminated.

GBM argues all conditions were either satisfied or waived by the latest deadline, April 30, and said it was considering its position, including legal action.