Glass Earth Gold Closes Second Tranche of Placement

By Midnight Trader,  January 04, 2013, 08:04:45 AM EDT

Glass Earth Gold Limited (GEL.V) has closed the second tranche of its previously announced non-brokered private placement. A total of 3,343,750 units have been sold at a price of $0.16 per unit for gross proceeds of $535,000. Total gross proceeds of all tranches are expected to be $3.76 million.

The proceeds of this private placement are to advance the delineation and development of the Neavesville and WKP projects in the Hauraki region of New Zealand.

GEL closed at $0.155 yesterday, trading near year low 14 cents.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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