GLM 0.00% 0.3¢ gulf mines limited

it is getting ugly, page-5

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    from the annual report

    "The Company has entered into discussions with a significant cornerstone investor who has signed a
    Memorandum of Understanding to undertake a placement of up to $4M subject to meeting all legislative
    requirements and obtaining shareholder approval."

    how long will this take to get approval and what price has the $4M been raised at?
 
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Currently unlisted public company.

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