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GLOBAL MINERALS CLOSES $4,000,000 PRIVATE PLACEMENT WITH SPROTT INC., ESPERANZA RESOURCES CORP. AND OTHERS
GLOBAL MINERALS CLOSES $4,000,000 PRIVATE PLACEMENT WITH SPROTT INC., ESPERANZA RESOURCES CORP. A...
About this update from District Metals Corp.
[{"type":"text","content":"\n\n\n\n Nov. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nVANCOUVER, Nov. 22 /CNW/ - Global Minerals Ltd. (CTG: TSX-V) ("Global or the "Company") is pleased to announce it has closed its\n private placement announced November 4, 2010.  Global raised gross\n proceeds of $4,000,999 through the issuance of 9,545,727 Units at a\n price of $0.35 per Unit for $3,341,004 and 1,885,700 special warrants\n at a price of $0.35 per special warrant for $659,995.  Each Unit\n consisted of one common share in the capital of the Company and\n one-half of one share purchase warrant. Each whole warrant is\n exercisable to purchase one additional common share at a price of $0.55\n until November 22, 2012.  If, after the four (4) month anniversary of\n closing, the closing trading price of the common shares of the Company\n on the TSX Venture Exchange exceeds $0.70 for 20 consecutive trading\n days, the Company shall have the right to give notice within five days\n thereof to accelerate the expiry date of the warrants to a date which\n is 30 trading days following the notice.\n\n\nSprott Inc. and affiliates, including Sprott Private Wealth, purchased\n 2,000,000 Units and Esperanza Resources Corp. (EPZ.V) purchased\n 2,274,200 Units resulting in Esperanza maintaining a 19.9% ownership\n interest in the Company.  In addition, Esperanza purchased 1,885,...