"Gulf Manganese Corporation Limited (ASX: GMC) (“Gulf” or “the...

"Gulf Manganese Corporation Limited (ASX: GMC) (“Gulf” or “the Company”) is pleased to advise that it has raised $7 million through a combination of a share placement of 466,666,667 shares at $0.015 per share with free attaching 3 for 2 Listed Options (GMCO) exercisable at 0.5 cents each expiring 21 April 2019. Binding commitments are also in place for a $1 million convertible note and commitments to raise additional $4 million on the same terms as under the prospectus to complete the $12 million raise"