Australian resources company GBM Resources (ASX:GBZ) announced it has entered into a Share Acquisition Framework Agreement with state-owned enterprise Jiangxi Centre Mining Co Ltd (JCM), an entity owned by Jiangxi Provincial Bureau of Coal Geology, formalising an investment in GBM for strategic investment and partnership. Under the Framework Agreement it is proposed Jiangxi will subscribe for new shares, representing up to a 19.9% shareholding.
Vertical search website operator the Mitula Group (ASX:MUA) announced that its securities have listed on the Australian Securities Exchange. Mitula Group raised $26.4 million, with the Company to have a market capitalisation of $153.7 million, through a successful, three times oversubscribed IPO. The offer of 35.4 million fully paid ordinary shares, at an offer price of $0.75 per share, received a strong take-up from sophisticated and institutional investors.
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Southern Cross Exploration Nl
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Mitula Group Ltd
GBM Resources Limited
Energy Metals Ltd