New Issue: Global Development prices C$1.36 million stock offering

By Sheri Kasprzak

New York, Dec. 5 - Global Development Resources, Inc. said it plans to raise C$1,362,000 in a private placement.

The offering includes 2,837,500 shares at C$0.48 each.

The proceeds will be used for working capital.

Based in Toronto, Global Development, formerly Eco Logic Inc., is an investment bank focused on the real estate market.

Issuer:	Global Development Resources, Inc.
Issue:	Stock
Amount:	C$1,362,000
Shares:	2,837,500
Price:	C$0.48
Warrants:	No
Pricing date:	Dec. 5
Stock price:	C$0.45 at close Dec. 5

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