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Gibb River Diamonds: Launches SPP ahead of Edjudina exploration

August 17, 2020

Gibb River Diamonds (GIB) has launched a share purchase plan (SPP) to raise up to $600,000 ahead of drilling at Edjudina
In July, the company acquired the option to purchase the historic gold project in WA’s eastern goldfields
The SPP will open on August 20, and eligible shareholders will be able to subscribe for up to $30,000 worth of new shares
Shares will also offered at five cents each, representing a 15 per cent discount to the five-day volume-weighted average trading price
Then the company will continue to operate its fully-owned Ellendale Diamond Project in the Kimberly region of WA
Gibb River Diamonds’ share price closed 14.1 per cent lower today at 5.5 cents