Ann: Gulf Secures Additional Funding to Progress the Smelting Hub-GMC.AX, page-2

ASX Announcement
8 September 2016

Gulf Secures Additional Funding to Progress Kupang Smelting Hub
Gulf Manganese Corporation Limited (ASX: GMC) (‘Gulf’ or ‘the Company’) advises that it has
completed a $1 million raising to provide additional working capital, as the Company continues to
progress towards the development of its Kupang Smelting Hub Project in West Timor, Indonesia.
Gulf raised circa $1 million via the placement of 70 million shares at 1.5c per share, with an attaching
2 for 1 listed option (GMCO). The issue of the attaching listed options will be subject to shareholders
approval. Triple C Consulting acted as the lead manager for the placement which was heavily
oversubscribed.

Following the recent securing of a potential cornerstone investor (see ASX release 5 August 2016), the
Company has received significant interest from a number of strategic investors. As a result, Gulf has
taken this opportunity to secure additional funding in order to provide the requisite financial flexibility
prior to the receipt of final site approvals.
Furthermore, the Company wishes to advise that discussions with relevant authorities regarding the
securing of all remaining site approvals for Kupang are progressing well, in order for the cornerstone
investor to proceed. Further updates on the progress of these discussions will be provided in due
course

Up He Goes!!!!