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Gold Mountain slapped by ASIC

PAPUA New Guinea explorer Gold Mountain has copped a penalty from the Australian Securities and Investments Commission for failing to comply with its continuous disclosure obligations last year after it shared an overly enthusiastic article with shareholders.

Haydn Black
Helicopter support of Gold Mountain's drilling.

Helicopter support of Gold Mountain's drilling.

In addition to paying a cash penalty of A$33,000 from its $2.9 million in cash at the end of June, Gold Mountain will be restricted from raising additional funds until July 20, 2019 by using the reduced-content...

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