GBM raises for Drummond Basin gold search

GBM Resources has secured commitments to raise A$7.4 million to fund its plans in Queensland, including the Twin Hills acquisition and expansive drilling programs in the Drummond Basin looking for the next Pajingo.

GBM raises for Drummond Basin gold search GBM raises for Drummond Basin gold search GBM raises for Drummond Basin gold search GBM raises for Drummond Basin gold search GBM raises for Drummond Basin gold search

Twin Hills

The raising comes as a $7 million placement at 10c, plus $400,000 that will be put in by chairman Peter Mullens and managing director Peter Rohner, pending shareholder approval.