Gold Mountain Limited (AU:GMN) has released an update.
Gold Mountain Limited, a mineral exploration firm, has announced the issuance of over 729 million new shares to sophisticated and professional investors at a price of $0.0037 each. These shares were issued without standard disclosure under Australian corporate legislation. The company, which is actively exploring for a range of metals in Brazil and Papua New Guinea, is awaiting assay results from its sampling program and will update the market in the coming weeks.
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