GB Minerals is pleased to announce that it has conditionally placed up to 136,367,945 new common shares of nil par value in the issued and outstanding share capital of the Company, at a price of C$0.075 per Placement Share, to raise gross proceeds of up to C$11,000,000. The Placement is non-brokered. Aterra Investments, an existing significant shareholder of the Company, is proposing to subscribe for 88,947,214
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