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  • 13 years later...

 

Raised $10million in a placement in April, with SPP, which closed early and was heavily over subscribed, pulling in another $1M. Alkane (ALK) was a participant in the placement and has lifted its holding to 19.84%.

Genesis controls an area of more than 650km2 of the Ulysses-Orient Well shear corridor, in the Leonora Laverton gold district.

• Ulysses Mineral Resource increased to 27Mt at 1.8g/t Au for 1.6Moz .

• Feasibility Study on track for Q2 2021

• Drilling underway targeting next leg of growth

 

 

 

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  • 3 months later...

pushing higher on financing news or/ and a bit of PnD?

 

up 140% plus so these insiders will think they are magicians

 

Key Points:

• Former Saracen Mineral Holdings and Northern Star Resources Managing Director Raleigh Finlayson to cornerstone a strategic funding package for Genesis Minerals Limited (ASX: GMD)

• Former FMG Managing Director and CEO Neville Power and highly experienced corporate lawyer Michael Bowen will participate in the funding package and be invited to join the Board as NonExecutive Directors

• Funding package will total $20.8m, consisting of a $16m share Placement at 6c per share and a non renounceable 1 for 30 entitlement offer at 6c per share raising up to an additional $4.8m, subject to shareholder approval

• Mr Finlayson will subscribe for $7m of shares in the Placement

• Northern Star (ASX:NST) will subscribe for $3m of shares in the Placement

• Subscribers under the Placement and the Entitlement Offer will receive one (1) free attaching unlisted option for every two (2) shares subscribed for; each option will have a 10c exercise price and a two-year expiry •

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