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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Golden Gate Petroleum Receives Substantial Shareholder Notice From Lind Partners 0 comments
    Sep 16, 2013 1:53 AM

    Golden Gate Petroleum (ASX: GGP) has received a notice of initial substantial shareholding from The Australia Special Opportunity Fund (ASOF) run by The Lind Partners, which now holds a 5.96% stake.

    ASOF had acquired 65,555,556 shares on 5 September, adding to the 211,358,877 shares it already held, bringing the total up to 276,914,433.

    The company had in March this year secured up to $7.5 million in funding from ASOF.

    In addition to the initial $600,000 it invested on execution, Lind will further invest between $100,000 and $300,000 per month in monthly share subscriptions, over two years.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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