Global Minerals Ltd. Closes Non-Brokered Financing
22.03.2012 | Marketwired
![Global Minerals Ltd. Closes Non-Brokered Financing](https://www.goldseiten.de/media/goldseiten-news.jpg)
In connection with the Private Placement, the Company has paid cash finders' fees to certain finders for an aggregate amount of $483,963, which is equal to 6% of the total subscription amount of the number of Units purchased by subscribers introduced by the Finders to the Company, and has issued an aggregate of 1,075,472 finders' warrants (the "Finders' Warrants"), which is equal to 6% of the number of Units purchased by subscribers introduced by the Finders to the Company. The Finders' Warrants are exercisable into a Share at a price of $0.60 per Finders' Warrant until March 22, 2014.
All securities issued pursuant to the Private Placement will be subject to a four month hold period expiring on July 23, 2012. The proceeds from the Private Placement 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.
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 Parilakova, 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