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IN BRIEF: GCM Resources Inks Relationship Agreement With Polo Resources

7th Jan 2021 15:16

GCM Resources PLC - London-based mining and energy company - Enters into relationship agreement with natural resources investor Polo Resources Ltd. Says the agreement - which has a minimum term of one year - is to ensure that GCM is capable of carrying on its business independently of Polo Resources. Adds it has drawn down a further GBP250,00 from its loan facility with Polo, taking the utilisation of the GBP3.5 million facility to GBP3.2 million.

Current stock price: 7.60 pence

Year-to-date change: down 7.9%

By Ife Taiwo; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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GCM Resources
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