Australia's GBM Resources falls after terminating agreement with Smartset
06/02/2023 24:47
** Shares of Australia's GBM Resources Ltd GBZ.AX fall as
much as 4.3% to A$0.045
** Stock faces worst day since Jan. 9, if losses hold
** Mineral explorer says terminates agreement with Smartset
Services Inc SMARp.V for sale of its Mt Morgan Gold-Copper
Project Tenements in Queensland
** Says Smartset Services not able to complete capital
raising condition precedent by agreed date
** Adds GBM will now pursue other funding options in
Australian market to advance exploration of Mt Morgan
Gold-Copper Project
** Stock had risen 9.3% this year, as of last close
(Reporting by Nausheen Thusoo in Bengaluru)
((Nausheen.Thusoo@thomsonreuters.com;))
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