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Gold/Mining/Energy : Gerle Gold - GGL -- Ignore unavailable to you. Want to Upgrade?

To: VAUGHN who wrote (632)	12/12/2003 7:00:10 PM
From: kidl	Read Replies (2) \| Respond to of 641

And there is another 2.5 Mil. GGL Diamond arranges $1,125,000 private placement GGL Diamond Corp GGL Shares issued 65,328,020 Dec 11 close $0.40 Fri 12 Dec 2003 News Release Mr. Raymond Hrkac reports GGL ANNOUNCES PRIVATE PLACEMENT FINANCING OF UP TO $1,125,000 GGL Diamond has proposed to raise up to $1,125,000 by way of a non-brokered private placement through the sale of up to 2.5 million flow-through shares at a price of 45 cents per share to close on or about Dec. 30, 2003. This financing is in addition to the company's current cash and short-term investments, which are in excess of $1.3-million plus $1.7-million in options and warrants, which are expected to be exercised prior to mid-July, 2004. With these funds, the company will be well financed to proceed with its planned CH drilling and exploration program, and other attractive opportunities. Exploration work on the diamondiferous Doyle Lake sill and other claims adjacent to the Gahcho Kue project are covered under the GGL/De Beers Canada Exploration joint venture agreement and are fully financed to production by De Beers. The subscription proceeds from the financing will be used for mineral property exploration and renounced as Canadian exploration expense to the subscribers. The private placement is subject to acceptance for filing by the TSX Venture Exchange. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com Click here for company snapshot: new.stockwatch.com Click here for recent SEDAR documents: new.stockwatch.com