- Gascoyne Resources (GCY) has announced its secured $125 million in funding through three agreements
- Two of the agreements relate to capital raises, with the placement and entitlement offer to raise a combined $85 million
- The other agreement relates to a $40 million debt facility signed with Investec Bank
- Gascoyne will use the combined $125 million in funding to recapitalise and achieve reinstation to official quotation
- The company has been suspended from trading by the ASX since June last year, after the company appointed voluntary administrators
- Shares in Gascoyne last traded for 3.9 cents each over 14 months ago
