News Column

Global Announces Closing of Non-Brokered Financing

August 28, 2014



ENP Newswire - 28 August 2014

Release date- 27082014 - Global Minerals Ltd. (CTG: TSX-V) announces it has increased and closed its previously announced non-brokered private placement and has issued 3,650,000 units at a price of $0.20 per Unit for aggregate proceeds of $730,000.

Each Unit will be comprised of one common share and one-half of one share purchase warrant (a 'Warrant'). Each whole Warrant is exercisable to purchase one common share at a price of $0.28 per share for a period of two years expiring August 26, 2016. All securities are subject to a four-month hold period expiring December 27, 2014.

Proceeds from this financing will be used to further the development of the Strieborna project and for general working capital.

Tim McCutcheon, CEO, comments: 'I am very pleased that we were able to raise funding above market for our on-going development of the Strieborna silver-copper project. Aggregate insider participation in this financing was 2,525,000 units or $505,000, which demonstrates the strong conviction of the Global team in the potential of Strieborna and our ability to advance the asset to production. Our next step is to complete the PEA, giving investors a detailed picture of what Strieborna may look like as a mine.'

For further information about Global, visit www.globalminerals.com

Contact:

Tim McCutcheon

Tel: 877.356.0674

Email: info@globalminerals.com


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Source: ENP Newswire


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