Ann: GWR Goes Green To Acquire Advanced Magnesium Project, page-8

Placement to Raise $2 million
The Company has received firm commitments from sophisticated and professional
investors to raise $2 million (before costs) through the issue of 11,764,706 fully paid
ordinary shares at an issue price of $0.17 per share (Placement). In addition, placees
will receive 1 free carried option for every 4 Placement shares allotted (Placement
Options), the Company will make application for the quotation of the Placement
Options and they will be issued on the same terms as those quoted options already
on issue. The existing quoted options are exercisable by payment of 37.62c on or
before 1 October 2022.
GTT Ventures Pty Ltd was appointed as Lead Manager for the Placement and assisted
with the Project acquisition. GTT Ventures Pty Ltd will be issued 2,000,000 Lead
Manager Options on the same terms as the Placement Options and receive brokerage
of 6% on Placement funds.

GWR may not know how to make money, but GTT certainly do.

But hard to see these "firm committments" followed through with... Especially when the share price is sitting at 14 cents