Global Development Resources, Inc. Announces Private Placement.TORONTO -- Global Development Resources, Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GDV GDV gastric dilatation/volvulus. ) (formerly ELI Eli (ē`lī), in the Bible, high priest and judge of Israel, teacher of the boy Samuel. 1. (language) ELI - An early system on the IBM 705 and IBM 650. [Listed in CACM 2(5):16 (May 1959)]. 2. Eco Logic Inc.) (the "Company") announces that it is proceeding with a private placement financing of 2,125,000 common shares at $0.48 per common share for total gross proceeds of $1,020,000. The proceeds of the private placement will be used to provide additional working capital in support of the Company's business plan. The common shares will be subject to a four (4) month hold period. A commission of 7% is payable in cash to K2 Performance Corp. on gross proceeds raised from the private placement. The financing and commission payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. are subject to regulatory approval. Since May 2005, the Company has announced the closure of four private placement financings totaling $6.5 million. Global Development Resources, Inc. (TSX VENTURE:GDV) |
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