Gold and GemStone Mining Inc. Closed $5 Million Financing
11 Fevereiro 2013 - 11:30AM
Marketwired
Gold and GemStone Mining Inc. (OTCQB: GGSM), a Mining exploration
company, is pleased to announce that the Company has signed an
investment agreement with Deer Valley Management LLC for the
purchase of up to US $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 US$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.
"We couldn't be happier with this financing arrangement," says
Charmaine King, CEO of GGSM. "This equity line financing will allow
us to access the funds we require to start full scale mining
operations and production, and maximize value for our
shareholders."
About Gold and GemStone Mining Inc.
Gold and GemStone Mining Inc. is an exploration stage company
that will engage in the acquisition, exploration, and development
of Diamond and Gold properties around the world. Integral to our
plan is to form strategic alliances and joint ventures with gold
and diamond mining companies.
Disclaimer - Forward Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally
preceded by words such as "may," "future," "plan" or "planned,"
"will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements; projected events in
this press release may not occur due to unforeseen circumstances,
various factors, and other risks identified in a company's annual
report on Form 10-K and other filings made by such company.
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