Shaw and Partners has been appointed as Broker to the two tranche placement announced by Geopacific Resources Limited (ASX.GPR).
GPR proposes to raise up to $130 million through the issue of approximately 310 million shares to be issued at $0.42 per share.
The Offer Price of $0.42 per share represents a 9.7% discount to the last traded price of 0.465 on 9 December 2020 and a 12.8% discount to the 5 day VWAP of $0.482 to 9 December 2020.
The offer is available to Australian Sophisticated and Professional Investor clients only.
For more information please contact your Shaw and Partners adviser.
About Geopacific Resources Limited
Geopacific Resources Limited (ASX: GPR) is a gold-copper development company with a portfolio of assets in the Asia-Pacific region. Geopacific is focussed on developing the 1.6Moz Woodlark Gold Project in Papua New Guinea. Woodlark is a high margin gold project with significant exploration upside. https://geopacific.com.au/
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