Gold Mountain Limited (Gold Mountain or the Company) (ASX:GMN) refers to the accelerated pro rata renounceable entitlement offer announced on 3 April 2025.
The Company confirms that the prospectus lodged with ASIC on 3 April 2025 (Prospectus) and personalised entitlement and acceptance forms have been sent to eligible shareholders, and the Rights Issue is now open.
Attached to this announcement is a letter sent to ineligible shareholders in accordance with Listing Rule 7.7.1, letter sent to New Zealand shareholders, and the Company's target market determination. The Rights Issue is scheduled to close on 5 May 2025 (unless extended in accordance with the Corporations Act and Listing Rules).
Trading in rights is scheduled to close on 28 April 2025. Shareholders should consider the Prospectus in deciding whether to acquire securities and will need to follow the instructions set out in the application form that accompanies the Prospectus. The Prospectus contains important information including key risks in relation to the Retail Offer and investors are urged to read the Prospectus in ful
Approval
This announcement has been approved for release by the Executive Director of Gold Mountain.
Contact:
David Evans
Executive Director
Tel: +61 421 903 222
Email: info@goldmountainltd.com.au
About Us
Gold Mountain (ASX:GMN) is a mineral exploration company focused on rare earth elements (REE) with projects in Brazil and Papua New Guinea (PNG). While its assets are primarily centred around REE and niobium, the company is also exploring a diverse range of tenements for lithium, nickel, copper, and gold. Gold Mountain has expanded its portfolio in Brazil, holding large areas of highly prospective REE and REE-niobium licenses in Bahia and in Minas Gerais. Additional tenement areas include lithium projects in the eastern Brazilian lithium belt, particularly in Salinas, Minas Gerais, and parts of the Borborema Province and Sao Francisco Craton in northeastern Brazil, as well as copper and copper-nickel projects in the northeast of Brazil. In PNG, Gold Mountain is advancing the Green River Project, covering 1,048 km-2 across two exploration licenses. This project has shown promise with high-grade Cu-Au and Pb-Zn float samples, and previous exploration identified porphyry-style mineralization. Intrusive float, believed to be similar to the hosts of many Cu and Au deposits in mainland PNG, has also been discovered.
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