20th Feb 2007 07:00
GVM Metals Ltd20 February 2007 GVM Metals Limited Share placement to raise £2.5 million GVM Metals Limited ("GVM" or "the Company") is pleased to announce that theCompany has agreed to make a further placement of 8,333,333 shares at 30p toraise £2.5 million. The placement will be made to certain sophisticated and professional Londonbased investors and the funds raised will be applied towards the acquisition of50% of the Baoabab JV, as announced on 20 December 2006. The placement falls outside the Company's capacity under ASX Listing Rule 7.1and therefore is subject to shareholder approval. Accordingly, the Company willshortly lodge a Notice of Meeting seeking shareholder approval for the abovementioned placement. END. Contacts: Simon Farrell - GVM Metals Limited+ 61 417 985 383 Olly Cairns- Corporate Synergy+44 (0) 20 7448 4400 Leesa Peters / Abby Singleton- Conduit PR+44 (0) 20 7429 6600 /6606 www.gvm.com.au This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCM.L