It will be interesting to see how much GPP raise here , maybe...

It will be interesting to see how much GPP raise here , maybe only 320k ???

The Directors have requested a trading halt pending a placement to sophisticated investors through
its available placement capacity. This placement will allow the Company to pursue it objectives
including Phase 1 of the Kopang project once approval of the PGGS licence is granted.

For Phase 1, GPP will undertake the following to earn its 35% interest:
(a) issue to the KRI Shareholders 10 million GPP Shares;
(b) Phase 1 expenditure commitment of $250,000;
(c) pay to the KRI Shareholders $70,000 in cash; and
(d) have a period of 6 months in which to undertake the Phase 1
Expenditure.
GPP will have sole discretion as to how the Phase 1 Expenditure is made

I tend to agree that GPP are looking very hard at the Back Up project Kopang for its Cobalt play !