G4G Resources Ltd.
TSX VENTURE : GXG

G4G Resources Ltd.

November 14, 2007 17:52 ET

G4G Arranges Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - G4G Resources Ltd. ("G4G" or the "Company") (TSX VENTURE:GXG) announces that it has arranged a non-brokered private placement of up to 4 million Units at a price of $.125 per Unit for gross proceeds of $500,000.

The net proceeds from this financing will be used for general corporate purposes, for various holding costs of the Company's MacTush Project, and to review new projects.

Each Unit consists of one common share and one non-transferable common share purchase warrant, entitling the holder thereof to purchase an additional common share at an exercise price of $0.45 per share for a period of 24 months from closing of the offering.

The offering is subject to various approvals, including that of the TSX Venture Exchange.

On behalf of the Board of Directors,

Mark T. Brown, Director and CFO

The TSX Venture Exchange has neither approved nor disapproved of the contents of this news release.

Contact Information

  • G4G Resources Ltd.
    Mark T. Brown
    CFO
    (604) 687-3520
    (604) 688-3392 (FAX)
    or
    G4G Resources Ltd.
    Jeremy Link
    Director
    (416) 587-5465