Perth-based coal miner GVM Metals Ltd has raised around $98.2 million through the placement of 65 million shares via its listing on the London Stock Exchange's Alternative Investment Market, the company has announced.
West Perth's GVM Metals Ltd will raise $6.2 million through a placement of 8.3 million shares to London investors, raising funds for its acquisition of 50 per cent of the Baobab coal mining joint venture.
Two months after buying out its joint venture partner Baobab Mining, West Perth Coal Mining company GVM Metals has announced plans to acquire UK-based Kelso Mining Ltd for around $25.3 million in cash and shares.
West Perth-based coal mining company GVM Metals Ltd will fully acquire its South African joint venture, Baobab Mining and Exploration Pty Ltd, for around $6.2 million after agreeing to buy its JV partner earlier this year.
West Perth-based coal mining company GVM Metals Ltd will acquire additional shareholdings in a group of South African coalfields from its joint venture partner in a deal that could be worth $11 million.