Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.
The market appetite for backdoor listings of tech stocks continues unabated, with Magnolia Resources securing $7 million in funding commitments and Potash Minerals becoming the fifth exploration company from Western Australia to head down the tech path this month.
Perth exploration company BMG Resources (formerly Brazilian Metals Group) has announced a non-binding heads of agreement for the possible acquisition of Brisbane-based online fitness training accreditation business FitLink.