- 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
