FinTechFunding

Gascoyne Resources: Announces $125M funding package

  • 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
Previous article
Vection Technologies: Secures partnership to target DELL global sales force
Next article
TASE: Announced launch of a Central Blockchain Securities Lending Platform in Israel
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...