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GBM RESOURCES LIMITED (GBZ)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

Shareholder links

Our website ranking of GBZ: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Brisbane
Level 1, 200 Mary Street Brisbane QLD 4000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000GBZ5
Address: Level 5, Suite 502, 303 Coronation Drive, Milton, Qld, 4064
Tel:  (08) 9316 9100Fax: (08) 9315 5475

Date first listed: 24/10/2007

Sector: Materials Industry Group: XMJ
Activities: Mineral Exploration

News & Events

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The suspension of trading in the securities of GBM Resources Limited will be lifted immediately, following the release by GBZ of an announcement in relation to a proposed capital raising.

20/12/2023

The company releases a notice of proposed issue of securities.

20/12/2023

Placement to raise approximately $1.9 million supported by directors and Collins St Asset Management. Tranche 1: Placement to raise approximately $1.0 million, before costs. Tranche 2 (subject to shareholder approval): Issue of free attaching options to unrelated parties issued shares pursuant to Tranche 1. Placement to directors and management and their related parties to raise $462,000. Placement to CSAM to raise $462,000. Restructure of existing convertible note, along with conversion of $900,000 of debt by CSAM to equity. Non-renounceable entitlement issue to eligible shareholders to raise up to approximately $1.65 million (before costs). Entitlement Offer is not underwritten, however Canaccord has been offered the ability to place any shortfall under the Entitlement Offer on a best endeavours basis. Funds raised from the Placement and Entitlement Offer (up to a maximum of ~$3.55 million), after costs, will be applied to exploration at the Company's wholly owned Twin Hills and Yandan Gold Projects (including drilling at the Lone Sister and 309 deposits, and regional geochemical and geophysical programs), reduction of convertible note debt and the provision of working capital.

20/12/2023

The securities of GBM Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GBZ, pending the release of an announcement in relation to a proposed capital raising.

19/12/2023

The suspension of trading in the securities of GBM Resources Limited will be lifted immediately following the release by GBZ of an announcement regarding a proposed capital raising.

07/07/2022

THe company has received firm commitments for a placement to raise $1.36m. The capital raising consists of: $1.25m placement to unrelated institutional and sophisticated investors resulting in the issue of approximately 23.3 million fully paid ordinary shares at an issue pricce of $0.054 per share; and a further 2,000,000 shares have been subscribed for on the same terms as the placement to directors Mr. Peter Mullens and Mr. Peter Rohner, subject to shareholder approval. The placement was undertaken at an offer price of $0.054 per new share, representing discount of: 11.5% to the last close price on 30 June 2022 of $0.061; and 18.4% to 10-day VWAP of $0.066. Funds raised under the placement, along with existing cash and liquid securities, will be used to support current exploration activities at GBM's Drummond Basin Projects and provide working capital. The placement shares are expected to be issued on 11 July 2022.

07/07/2022

The securities of GBM Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GBZ, pending the release of an announcement regarding a proposed capital raising.

06/07/2022

we understand that on or about this date the company consolidated its shares 1 for 10

05/12/2019

The suspension of trading in the securities of GBM Resources Ltd will be lifted immediately following the release by GBZ of an announcement regarding a proposed capital raising.

09/05/2019

The company has executed a term sheet for a A$700,000 convertible note to be issued to Lion Resources Development, which is not a related party of GBM Resources Limited. The proceeds received will be applied towards working capital requirements.

09/05/2019

The tenement sale agreement between GBM Resources and Minjar Gold was subject to a satisfaction of certain conditions precedent by 30 April 2019, or such later date as the parties may agree. GBM notified Minjar that the conditions precedent were, in its view, either satisfied or waived. Notwithstanding this, GBM advises that Minjar issued a letter to GBM on 2 May 2019 giving notice of termination of the Agreement on the basis that, in their view, the conditions precedent were not satisfied. GBM does not agree with Minjar's view and is currently considering its position.

09/05/2019

The securities of GBM Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GBZ, pending the release of an announcement regarding a proposed capital raising.

03/05/2019

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - Swift Venture Holdings Corporation to acquire 100% of GBM?s Queensland Joint Venture phosphate rights - this corporate event may appear elsewhere in this company record

12/06/2012

listed entity carried for record purposes only

24/10/2007

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    23/02/2021Peter Rohner20,000$0.123$2,460
    10/12/2019Peter Rohner33,253$0.039$1,297
    17/09/2013Sunny Loh200,000$0.044$8,700
    12/09/2013Sunny Loh148,767$0.042$6,248
    22/08/2013Sunny Loh100,000$0.048$4,800

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Sunny LohNon Exec Chairman27/02/2012
    Peter RohnerManaging Director, CEO25/11/2019
    Tom CooneyCOO06/12/2021
    Kevin HartCFO03/02/2010
    Peter ThompsonExecutive Director03/04/2007
    Kevin HartCompany Secretary
    Dan TraversCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Peter MullensExecutive Chairman09/10/201930/06/2023
    Brent CookIndependent Director17/09/202030/11/2022
    Neil NorrisExecutive Director03/04/200917/09/2020
    Seng Hun TanNon Exec Director15/04/201506/06/2019
    Frank CannavoNon Exec Director06/08/201425/11/2015
    Lim Chiau WoeiNon Exec Director02/09/201301/08/2015
    Cameron SwitzerNon Exec Director03/04/200705/08/2014
    Peter J. MayNon Exec Chairman02/11/2010

    Date of first appointment, title may have changed.