Global Finishing, Inc.
FRANKFURT : G8BA

Global Finishing, Inc.

July 01, 2008 13:31 ET

Global Finishing, Inc.: Update on Financing and Acquisitions

QUEBEC CITY, QUEBEC--(Marketwire - July 1, 2008) - Global Finishing, Inc. (FRANKFURT:G8BA) wishes to update shareholders on financing which will be required after the completion of several mining acquisitions.

These acquisitions are either in production or ready to produce. With the purchase of additional milling equipments, production can be increased from small scale to commercial operation.

In order to complete these acquisitions and to bring them to commercial production Global Finishing is currently negotiating a financing package totalling $100,000,000 U.S., through a combination of senior debt instrument and a metal agreement. Such financing will allow the company to reduce the total cost of financing and increase production to an annual level of 200,000 ounces of Gold.

The shares acquisition of the company "Minera Monte-Verde S.A." is progressing at a rapid pace and Due Diligence by Global Finishing is completed.

Regarding the news release of June 30th, 2008 concerning a signed agreement for the acquisition of the assets of Minesadco, Global Finishing wishes to clarify that it has sent a Letter of Agreement with terms mutually agreed upon and is planning a visit, to both mine sites located in Ecuador, for the second week of July 2008 to complete its due diligence.

Contact Information

  • Global Finishing, Inc.
    Richard Diotte, President
    418-527-3362
    GFML@email.com