GBM Resources Acquire Millstream Resources Pty Ltd

  • Dec 20, 2019 AEDT
  • Team Kalkine

GBM Resources Limited (ASX: GBZ) fulfils the precedent conditions with Stibium Mining Pty Limited and acquires Millstream Resources Pty Ltd.

  • GBM acquired the Millstream Resources Pty Ltd for consideration of 15 million fully paid shares, on a post-consolidation basis, in the capital of the company;
  • The acquisition of Millstream has the potential to support the company’s working capital requirements and ongoing development of the Mt Coolon Gold Project;
  • Millstream Resources Pty Ltd can initially earn a 50 per cent interest in the White Dam Gold Project as part of an unincorporated joint venture.


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