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Great Boulder Resources extends closing date of $960,000 entitlement offer to September 11

The closing date for the entitlement offer has been extended by five business days to 5.00pm (WA time) on Friday, September 11.

Great Boulder Resources Ltd - Great Boulder Resources extends closing date of non-renounceable entitlement offer to Friday September 11
Eligible shareholders may also apply for shortfall shares in addition to their entitlement

Great Boulder Resources Ltd (ASX:GBR) has extended the closing date for its non-renounceable entitlement offer aimed at raising up to $960,000 by five business days to Friday, September 11.

The company is offering a fully underwritten, non-renounceable offer of one share for every six shares held by eligible shareholders with up to 22.242 million shares to be issued at price of 4.3 cents per share.

Eligible shareholders can access their personalised entitlement and acceptance form online at https://investor.automic.com.au/#/home 

Strong commitments to raise $2.3 million 

This follows strong commitments from investors to raise up to a total of $2.3 million, through a mix of placement of shares and the rights issue,

Great Boulder has raised $1,330,551 via a placement of 30,943,043 shares, also at 4.3 cents per share.

The capital raising funds will support gold exploration programs at the Western Australian Side Well and Whiteheads projects where Great Boulder recently intersected gold mineralisation in aircore drilling.

Commitments received for the placement indicate strong support for the company’s gold exploration plans.

Use of funds

  • An initial 2,000 to 3,000 metres reverse circulation (RC) drilling program at the Mulga Bill prospect;
  • An aircore program to be drilled as soon as possible after the RC drilling, infilling the 400-metre gaps in drill coverage at Mulga Bill;
  • Additional aircore drilling at Whiteheads, including the Blue Poles prospect at Arsenal; and
  • A large-scale soil sampling program over Mulga Bill and the Side Well project. 

Quick facts: Great Boulder Resources Ltd

Price: 0.05 AUD

Market: ASX
Market Cap: $9.4 m

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