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CALGARY, ALBERTA--(Marketwire - Dec. 21, 2012) - GeoGlobal Resources Inc. ("GeoGlobal" or the "Company") (NYSE MKT:GGR) (NYSE Amex:GGR) announces today that it has entered into a Securities Purchase Agreement with an institutional investor, Crede CG II, Ltd., to purchase 13,827,387 Units in a registered direct offering for aggregate gross proceeds of US$926,435. Each Unit consists of one common share and one warrant wherein one full warrant entitles the holder to initially purchase one common share for a term of five years from today's date. |
