2nd Sep 2020 21:52
GCM Resources PLC - mining and energy company - Announces the issuance of new shares as payment of consulting fees in accordance with the consultancy agreement with Dyani Corp Ltd and with DG Infratech Pte Ltd. The company said it will issue 2.1 million shares to Dyani to cover the retainer fee and 3.3 million shares to cover a "success fee", related to the finalisation of the second joint venture agreement with PowerChina in respect to two plants of 1,000 megawatts each. Upon completion of the transactions, Dyani will hold an 18% stake in GCM. DG will, meanwhile, receive 600,000 GCM shares as a retainer fee.
Current stock price: 12.42 pence
Year-to-date change: up 3.5%
By Evelina Grecenko; [email protected]
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