Big Geopacific placement funds Woodlark work

WOODLARK mine developer Geopacific Resources has completed a A$40 million share placement to sophisticated investors, and will seek a further $5 million from shareholders under a share purchase plan as it prepares to start bring its 1.6 million ounce resource out of the ground and convert it to gold bars. 

Big Geopacific placement funds Woodlark work Big Geopacific placement funds Woodlark work Big Geopacific placement funds Woodlark work Big Geopacific placement funds Woodlark work Big Geopacific placement funds Woodlark work

A village will be moved to accommodate the new mine.

The company will issue 1.6 billion shares at 2.5c, an 11% discount, and will offer the SPP on the same terms, before seeking approval for a 1-for-25 share consolidation.

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