"Golden Rim today announced it has completed a placement of 25.4 million fully paid ordinary shares in the Company at an issue price of 10 cents per share to raise $2.54 million. Golden Rim also announces that it intends to raise a further $2 million by offering to eligible shareholders 20 million shares at 10 cents each through a Share Purchase Plan."
Under the SPP, eligible shareholders may subscribe for parcels of $2,500 (25,000 shares); $7,500 (75,000 shares); or $15,000 (150,000 shares) worth of shares.
GMR Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
