Less than 1 min.Read

Gascoyne Resources: Announces $125M funding package

August 13, 2020

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