Mining & Metals
Gelum Resources Raises C$4.3 Million Via Non-Brokered Private Placement
Gelum Resources (GMR.CN) closed its non-brokered private placement where it issued 11.6 million units at C$0.37 apiece raising C$4.3 million, it said in a statement on Tuesday.Each unit consists of one common share and half of a common share purchase warrant, with each warrant entitling the holder to buy a share for C$0.52 for a two-year period from the closing date.Company Director Chad Williams participated in the offering for 500,000 units. Proceeds will be used for working capital and exploration work at the Las Tinajas Project, Chile, it said.Shares of the company were last seen up 1.5% at C$0.70 on the Canadian Securities Exchange.Price: $0.70, Change: $+0.01, Percent Change: +1.45%
$GMR.CN
