GVM Gvm Metals

RNS Number:3887Z
GVM Metals Ltd
07 March 2006






FOR IMMEDIATE RELEASE                                               7 March 2006



                               GVM METALS LIMITED


                     ("GVM", "GVM Metals" or the "Company")


                                ISSUE OF SHARES


Set out below is the text of an announcement made on the Australian Stock
Exchange ("ASX") by GVM Metals today.


Application will be made for the new shares, which will rank pari passu with the
existing shares, to be admitted to trading on AIM.



7 March 2006



Announcements Office
Australian Stock Exchange
Level 10
20 Bond Street
Sydney NSW 2000                  By Electronic Lodgement



                               Private Placement


The Directors of GVM are pleased to announce a capital raising of $350,000 by
the issue of 1,400,000 fully paid ordinary shares at 25 cents each.  This
placement has been made to sophisticated and professional investors.  The issue
falls within the Company's capacity to issue securities under ASX Listing Rule
7.1 and is made pursuant to Section 708 of the Corporations Act.


An Appendix 3B applying for quotation of these shares accompanies this
announcement.



Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations
Act 2001 ("Act")


The Act restricts the on-sale of securities issued without disclosure, unless
the sale is exempt under section 708 or 708A of the Act. By giving this notice,
a sale of the Shares noted above will fall within the exemption in section 708A
(5) of the Act.


The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:


(a)      the Company issued the Shares without disclosure to investors under
Part 6D.2 of the Act;


(b)      as at the date of this Notice, the Company has complied with the
provisions of Chapter 2M of the Act as they apply to the Company, and section
674 of the Act; and


(c)      as at the date of this Notice, there is no information:


(i)      that has been excluded from a continuous disclosure notice in
accordance with the ASX Listing Rules; and

(ii)     that investors and their professional advisers would reasonably require
for the purpose of making an informed assessment of:

a.       the assets and liabilities, financial position and performance,
profits and losses and prospects of the Company; or

b.       the rights and liabilities attaching to the relevant Shares.


The Company wishes to advise negotiations to acquire further coal mining
properties continue to progress and the Board believes the Company will be in a
position to make an announcement regarding the outcome of these negotiations in
the next 3 to 4 weeks.



Yours sincerely,





Simon Farrell

Managing Director"






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