Glass Earth complete C$2.35M placement of shares, warrants to fund placer buyout

Mon, 25 Jun 2012

By Jonathan Underhill June 26 (BusinessDesk) - Glass Earth Gold, the miner whose shares trade on the NZAX and Canada’s TSX Venture Exchange, completed a C$2.36 million private placement of shares that will be used to buy out its joint venture partner in Otago. The company sold 11.8 million units, consisting of one share and one warrant, at 20 Canadian cents apiece. The warrants allow the holder to buy one ordinary share at 35 Canadian cents over a 24month period from date of issue. Shares of Glass Earth last traded at 19 Canadian cents on th...

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