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Prospect News home > News index > List of issuers G > Headlines for Gold and GemStone Mining Inc. > News item
Published on 2/11/2013 in the Prospect News PIPE Daily.

Gold and GemStone Mining plans $5 million private placement of stock

Three-year deal funds mining operations on portfolio of concessions

By Devika Patel

Knoxville, Tenn., Feb. 11 - Gold and GemStone Mining Inc. said it plans a $5 million private placement of common stock with Deer Valley Management LLC. The deal has a three-year term.

Proceeds will be used to commence full scale mining operations on the portfolio of concessions on the African continent.

The gold and diamond mining company is based in Draper, Utah.


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