This is all because of this ! no they have the power to sell on the market
Gulf Manganese Corporation Limited (ASX: GMC) (“Gulf” or “the Company”
is pleased to announcethat it has agreed to place 62,500,000 GMC shares at an issue price of 0.8c (inclusive of costs) toAcuity Capital for a total raise of $500,000. The placement is made in accordance with theControlled Placement Agreement (“CPA”
with Acuity Capital announced on 31 January 2018.The issue price of 0.8c is equal to the closing price on 12 March 2019 and represents a 3.24% discountto the Volume Weighted Average Price (“VWAP”
over the previous 15 days of trading VWAP of0.83c.The Company intends to use the funds for general purposes and working capital.
