All in Finance

Goldfields Money - Finsure Merger Will Create Digital Banking Game-Changer

Goldfields Money (ASX: GMY) says its merger with Finsure has created a digital banking game-changer, after the company's shareholders today voted in favour of the deal going ahead. Goldfields Money chief executive Simon Lyons said the combined entity would allow both companies to grow and improve profitability. "We will be creating Australia's first truly scalable digital challenger bank focused on providing lending solutions for Australian consumers via broker distribution," he said.

Goldfields Money - Successful $20million Capital Raise and Transaction Update

Goldfields Money (ASX: GMY) has received binding commitments from international and local institutional and professional investors to raise about $20 million by way of a placement. The raising was priced at $1.30 per share, with just under 15.4 million new shares issues. The proceeds will be used to fund prudential capital needs and enable the company to pursue further lending growth. Goldfields Money also revealed today the expected completion date for its merger with Finsure.

Goldfields Money - FY18 Results

Goldfields Money (ASX: GMY) has provided its full year FY18 results, which marked a return to underlying profitability for the company. A record of $46 million of new loans were settled during FY18 with total loans under management increasing to $214 million, reflective of the company's investment in developing and expanding distributing capabilities.

Zenith Minerals - Lithium Fertile Pegmatites in Split Rocks Drilling

Zenith Minerals (ASX:ZNC) has received preliminary four-metre composite assay results from recent RC drilling at the Dulcie lithium prospect, part of the company's Split Rocks project in WA. Drilling tested a 950m-long zone of pegmatites, from which shallow aircore drill holes in the maiden program returned strongly anomalous lithium results, and has confirmed the presence of thick pegmatite bodies.

Gruyere mine site visit sets scene for big Diggers & Dealers

It’s almost upon us - Diggers & Dealers 2018. About 2300 miners, explorers, investors, advisers and media are expected to descend on Kalgoorlie-Boulder from tomorrow ahead of the first of three days of presentations on August 6. Tomorrow morning, a group of miners, investors and media will board their flight to Kalgoorlie-Boulder, stopping off at world-class gold mine development Gruyere along the way.

Goldfields Money - Goldfields Money and Finsure Trading Update and Transaction Update

Goldfields Money (ASX: GMY) has updated the market on its trading activities for the three months to March, along with that of its takeover target Finsure. Goldfields Money experienced continued growth during the quarter, with loan settlements of about $17 million and year-to-date loan settlements and volumes the highest on record. Finsure continued to grow from strength to strength during the quarter, with the total loan book growing to about $32 billion. Cash revenue of $107 million was generated during the period.