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"