GLM 0.00% 0.3¢ gulf mines limited

finance

  1. MAP
    809 Posts.
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    Convertible notes being raised at 4 cents.
    Suspect that an announcement is very close.

    Page 13 of Interim Financial Report.

    As indicated above, the Company is presently in the process of raising $10,000,000 by convertible note and
    debt finance. The convertible notes proposed by the Company will be issued to raise up to $10,000,000 with
    minimum subscriptions of $25,000 each. Each convertible note will have the face value of $1.00 and will
    accrue interest on a daily basis at 10% per annum.
    The convertible notes will have a maturity date 18 months after the date of their issue unless previously
    redeemed or converted, and
 
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Currently unlisted public company.

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