GVM Gvm Metals

RNS Number:4921R
GVM Metals Ltd
20 February 2007

                               GVM Metals Limited



                     Share placement to raise #2.5 million



GVM Metals Limited ("GVM" or "the Company") is pleased to announce that the
Company has agreed to make a further placement of 8,333,333 shares at 30p to
raise #2.5 million.



The placement will be made to certain sophisticated and professional London
based investors and the funds raised will be applied towards the acquisition of
50% of the Baoabab JV, as announced on 20 December 2006.



The placement falls outside the Company's capacity under ASX Listing Rule 7.1
and therefore is subject to shareholder approval.  Accordingly, the Company will
shortly lodge a Notice of Meeting seeking shareholder approval for the above
mentioned placement.



END.


Contacts:

Simon Farrell - GVM Metals Limited
+ 61 417 985 383

Olly Cairns- Corporate Synergy
+44 (0) 20 7448 4400

Leesa Peters / Abby Singleton- Conduit PR
+44 (0) 20 7429 6600 /6606

www.gvm.com.au




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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