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Great Divide Mining Ltd (ASX:GDM)

ALERT: Price-sensitive ASX Announcement for GDM
Current share price for GDM : $0.310 -0.11 (-26.19%)+
Announcement
Release
5 Feb 2026 9:16AM
Price at Release
$0.420
Full Release
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Summary
Great Divide Mining Ltd (ASX: GDM) announced it has raised approximately $2.5 million via a placement of 7,812,500 ordinary shares at $0.32 per share. This capital raising received strong support from existing and new institutional investors. The proceeds are earmarked for developing the Challenger Gold Mine into production, further project advancements at Yellow Jack and Coonambula, and general working capital. The placement was managed by PAC Partners and is set to settle by 10 February 2026. New shares will be issued under ASX Listing Rules 7.1 and 7.1A, and will trade equally with existing shares.
Key Points
  • Great Divide Mining Ltd raises $2.5 million.
  • Placement of 7,812,500 shares at $0.32 each.
  • Funds to develop Challenger Gold Mine and other projects.
  • PAC Partners acted as Lead Manager.
  • Settlement expected on 10 February 2026.
  • Shares issued under ASX Listing Rules 7.1 and 7.1A.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.