Core Viewpoint - Gelum Resources Ltd. has announced a non-brokered private placement to raise up to $1,500,000 by issuing up to 6,521,739 units at a price of $0.23 per unit [1][2]. Group 1: Private Placement Details - Each unit consists of one common share and one-half of a common share purchase warrant, allowing the holder to purchase an additional common share at $0.38 for 24 months [2]. - The warrants may be accelerated if the closing price of the shares reaches or exceeds $0.76 for twenty consecutive trading days [2]. - Finder's fees of 7% cash and 7% finder's warrants may be payable to qualified finders in connection with the private placement [3]. Group 2: Use of Proceeds and Securities Information - Gross proceeds from the private placement will be used for working capital [3]. - All securities issued will have a hold period of four months and one day from closing in Canada [3]. Group 3: Management Changes - Hendrik van Alphen has been appointed as the new Chief Executive Officer following the resignation of David Smith [5]. - Stuart Ross has been appointed as Chief Financial Officer after the resignation of Sead Hamzagic [5]. Group 4: Company Overview - Gelum Resources is led by experienced management and advisors in the mining and financial sectors [6].