Geopacific Resources Names Financial Advisors for Papua New Guinea Gold Project, Shares Fall Over 5%

MT Newswires Live

01/22

Geopacific Resources (ASX:GPR) appointed Argonaut Corporate Finance and Taylor Collison as joint financial advisers to progress project finance and strategic equity processes regarding the Woodlark gold project in Papua New Guinea, according to a Thursday Australian bourse filing.

The formal project funding process has started and will run in parallel with the finalization of the definitive feasibility study, which is expected during March, per the filing.

Its shares fell 5% in recent trading on Thursday.

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