Aug 28 (Reuters) - Gulf Minerals Corporation Ltd GMC.AX :
* Gulf minerals corporation-seeks to issue 75 million new shares at 1.5 cents to unrelated third parties and offer to existing shareholders to raise $1.1 million
* Gulf minerals corporation-proposes to conduct initial public offer and listing on the catalist board of the Singapore exchange of a unit
* Says funds raised will be used to satisfy the estimated listing costs and general working capital
* Source text for Eikon ID:nASXhb28N
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