GMD 0.81% $2.50 genesis minerals limited

News: GMD Genesis Minerals received commitments to raise up to $1.5 million

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    March 2 (Reuters) - Genesis Minerals Ltd (GMD) :

    • Genesis raises $1.5M (GMD)
    • Proceeds from the placement will be used to rapidly advance the ulysses gold

      project to an open pit development decision

    • Received firm commitments to raise up to $1.5 million before costs by way of

      a placement to investors via issue of up to 107 million new shares

    • Funds from the placement will enable Genesis to commence drilling at ulysses

      in midmarch with ongoing newsflow from drilling results to begin in April"

                        
 
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