Global Finishing, Inc. Announces the Terms of a Private Placement Financing for Accredited Investors Only
12.07.2011 | Marketwire
LAS VEGAS, NEVAD A -- (Marketwire - July 12, 2011) - Global Finishing, Inc ("Global") (FRANKFURT:G8BA) is a non-reporting publicly traded U.S. company currently listed on the Frankfurt Stock Exchange (FSX) under the symbol G8BA.Global is pleased to announce the terms of a non-brokered pre-listing equity financing for qualified accredited investors (not available to U.S. investors).
Global is raising a minimum of $1,000,000 & a maximum of $4,000,000 Canadian by issuing a unit comprising one common share and one half common share purchase warrant. Price is set at $0.30 Canadian per unit with each warrant being exercisable for one common share of the Company (the "Warrant Shares") at a price of $0.75 Canadian per share for a period of three years.
Funds will be used for modernization of Vizcaya Lilly Rai Au,Ag & Cu artisanal producing asset and qualifying the property under the National Instrument 43-101.
Vizcaya Lilly Rai is located in the prolific mining camp of Portovelo Zaruma in south West Ecuador.
The company may pay, where appropriate, commissions and finders' fees in connection with this private placement, in accordance with applicable securities laws and the rules.
This financing is subject to the approval of the competent regulatory bodies.
ABOUT GLOBAL
Global Finishing, Inc. already owns a Gold, Silver, Copper deposit, Vizcaya, Lilly Rai, with a resource of 627,181 ounces of Gold valued at $865,000,000. 4 other gold producing assets located in Portovelo-Zaruma-Ayapamba can be acquired by Global if and when funds will be available to the company.
On behalf of the Board
"Richard Diotte"
President & CEO
We seek safe harbour
No regulatory body as reviewed, approved nor disapproved of any of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements.
Forward Looking Statements: Statements in this news are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements are statements that are not historical facts and that are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including risks related to the exploration stage of the company's projects; market fluctuations in prices for securities of exploration stage companies; uncertainties about the availability of additional financing; uncertainties related to fluctuations in metals prices; political risks associated with activities in Ecuador; the possibility that Global Finishing, Inc. may change its plans with respect to one or more properties; and other risks and uncertainties which are unknown at this time. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
Contact
Global Finishing, Inc
Richard Diotte
President & CEO
418 527 3362
www.globalfin.webs.com