Global Minerals Announces Further Increase in Size of Non-Brokered Financing
21.03.2012 | Marketwired
![Global Minerals Announces Further Increase in Size of Non-Brokered Financing](https://www.goldseiten.de/media/goldseiten-news.jpg)
Esperanza Resources Corp. has committed to purchase $1.5 million of the Financing. Esperanza, affiliates of Sprott Inc., and clients of Sprott Private Wealth have in aggregate committed to purchase $10,222,000.
All other terms of the Financing will remain as previously announced in the Company's news releases dated February 24th and 27th, 2012.
The Financing is subject to TSX Venture Exchange approval and all securities will be subject to a four month resale restriction. The Company may pay a finder's fee in connection with the Financing.
The proceeds from the Financing will be used to further the development of the Strieborná project and for general working capital.
Global Minerals Ltd. is a Canadian exploration and development company focused on developing its high-grade silver, copper, antimony deposit in Slovakia. Global is 32% owned by Esperanza Resources Corp. whose principals were previously familiar with the Streiborná Project and are now involved in supervising the technical programs and future development.
For further information about Global please visit www.globalminerals.com.
This press release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Contact Information
Global Minerals Ltd.
Ms. Lubica Parilakovam, Investor Relations
(604) 669-2355
lparilak@globalminerals.com
Global Minerals Ltd.
Mr. William Pincus, Chief Executive Officer
(303) 803-0988
pincus@globalminerals.com
www.globalminerals.com