Completion of the transaction, namely GDM acquiring 15% of CGM, is subject to a number of conditions detailed below, including a 90-day due diligence period and GDM shareholder approval. 2 Any additional funding required by GDM to achieve first pour of gold and acquire the further interest in CGM up to an aggregate 51% may be funded by GDM revenue or by way of an equity capital raise. As at the date of this ASX announcement no decision has been made of the structure or form of such a raising.
GDM Price at posting:
27.0¢ Sentiment: Hold Disclosure: Not Held
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