GULF MANGANESE CORPORATION LIMITED Gulf Manganese Corporation Limited (ASX: GMC) ("Gulf" or "the Company") advises that the Company is still in discussions with sophisticated investors regarding a placement. Gulf management are currently on site undertaking due diligence with sophisticated investors.
The Company will make an announcement in respect to this capital raising once it is finalised and expects this to be no later than on Friday, 10th March 2017.
The Company requests the voluntary suspension remain in place until the alternate funding has been finalised and secured. The Company is not aware of any reason why the suspension should not be granted.
For further information please contact:Hamish Bohannan Managing Director
Gulf Manganese Corporation Limited T: 08 9367 9228
E: info@gulfmanganese.com
Released through Sam Burns, Six Degrees Investor Relations M: +61 400 164 067
About Gulf Manganese Corporation (ASX: GMC):Gulf's strategy is to develop an ASEAN focused manganese alloy business based in Kupang, West Timor, taking advantage of the low operational and ore costs, combined with modest power costs. Targeted production will be a premium quality 78% ferromanganese alloy resulting from the unique qualities of the Indonesian high grade (greater than 50%) low impurity manganese ore.
Gulf Manganese Corporation Limited published this content on 03 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 March 2017 05:15:10 UTC.
Original documenthttp://gulfmanganese.com/wp-content/uploads/2017/03/20170303-Capital-Raising-Update-004.pdf
Public permalinkhttp://www.publicnow.com/view/EBF362B08395F83862851AE3057BA0A0A380E2A2
