i just got an email this morning...
"Good Afternoon,
Glass Earth Gold (TSXV – GEL; NZAX – GEL) advises that it has closed the third and final tranche of its previously announced non-brokered Private Placement. A further 1,884,500 Units have been sold at a price of $0.16 per Unit for gross proceeds of C$301,520.
Each Unit consists of one common share and one common share purchase Warrant. Each whole Warrant entitles the holder to purchase one common share at a price of C$0.25 per share, exercisable for a period of 24 months from the date of issuance.
For more information please see the attached release.
Should you have any questions, feel free to e-mail
jeanny@chfir.com at anytime."
I guess we should expect the price to drop somewhat over next week given the amount of extra shares that are out there?