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.
The placement also allows Greenpower to utilise current funds to continue the Morabisi program and undertake a strategic review of the current asset portfolio and the best way to maximise shareholder value.
GPP Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
