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Provider: Reuters Investment Profile

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Gold and GemStone Mining Inc Closed $5 Million Financing

Monday, 11 Feb 2013 08:30am EST 

Gold and GemStone Mining Inc announced that the Company has signed an investment agreement with Deer Valley Management LLC for the purchase of up to $5,000,000 of common stock. This financing, which will be available to GGSM upon the effectiveness of an S-1 registration statement, allows but does not require GGSM to sell up to $5,000,000 of common stock to Deer Valley during the 36 month term. GGSM will use funds from this investment agreement to commence full scale mining operations on their portfolio of concessions on the African continent. 

Company Quote

1.0E-4 +16.67%
2:02pm EDT