Non-brokered deal slated for development of Strieborna property
By Susanna Moon
Chicago, June 21 - Global Minerals Ltd. announced a non-brokered private placement financing to raise C$5 million through the issuance of 7,142,857 shares at a price of C$0.70 per share.
The share price represents a 20.45% discount to the company's closing price of C$0.88 on June 20.
Proceeds from the private placement will be used for exploration and development on the company's Strieborna property and working capital.
The private placement is subject to regulatory approval.
Global Minerals is a Vancouver, B.C.-based mineral exploration and development company.
| Issuer: | Global Minerals Ltd.
|
| Issue: | Shares
|
| Amount: | C$5 million
|
| Shares: | 7,142,857
|
| Price: | C$0.70
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | June 21
|
| Stock symbol: | Canada: CTG
|
| Stock price: | C$0.88 at close June 20
|
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