Nice ann, today for GSC.
• Canadian gold producer Osisko Mining Corporation joins
Global Geoscience to explore Global’s gold projects in
Nevada, USA.
• A signed binding agreement represents Osisko’s first
investment in an Australian company, and its maiden
commitment to Nevada gold exploration.
• Osisko to earn an initial 45% interest in Global’s five
Nevada gold projects by spending USD$8 million over a
maximum of four years.
• Global will continue to manage and operate all projects
during the earn-in period.
• Osisko has subscribed AUD$852,000 for 14.2 million
ordinary shares in Global at an issue price of AUD$0.06
per share - a 70% premium to the share price as of 13
February 2012.
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