BRIEF-GB Minerals Ltd. announces proposed $11.2 mln private placement

Mon Apr 4, 2016 10:17am EDT
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April 4 (Reuters) - Gb Minerals Ltd :

* GB Minerals Ltd. announces proposed $11,185,000 private placement

* Private placement at a price of c$0.055 per placement share

* Intends to use proceeds for expenses and development of farim phosphate mineral property, to meet financial obligations, to fund litigation costs Source text for Eikon: Further company coverage: