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| Home : Greenland Resources Inc. Announces Closing of $1,130,000 Second Tranche Private Placement |
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Oct 17
2014 |
Greenland Resources Inc. Announces Closing of $1,130,000 Second Tranche Private Placement |
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TORONTO, ONTARIO--(Marketwired - Oct. 16, 2014) - Greenland Resources Inc. ("Greenland Resources" or the "Company") is pleased to announce that it has completed the second and final tranche of a non-brokered private placement financing of 7,533,333 common shares at $0.15 per share for total gross proceeds of approximately $1,130,000. Together with the first tranche private placement, closed August 28, 2014, the Company has issued an aggregate total of 14,200,000 common shares for total gross proceeds of $2,130,000 (the "Offering"). As a result of the second tranche private placement, the Company now has 35,225,000 common shares issued and outstanding. Greenland Resources intends to use the proceeds of the Offering to finance the exploration of its Storø Gold Project, and for general working capital purposes. Common shares issued pursuant to the Offering are subject to a four month hold period. |
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| Source:http://www.marketwired.com/mw/release.do?id=1958610&sourceType=3 |
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