Great Boulder Resources Ltd (ASX:GBR) MD Andrew Paterson speaks with Proactive after announcing the company has received binding commitments to raise $4.5 million before costs in a placement offering shares at $0.05 per share. The placement received strong support from existing major shareholders Zebina Minerals and Lion Selection Group, and was cornerstoned by institutional investor Collins St Asset Management, which subscribed for 41 million new shares in return for $2.05 million.
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