SOURCE: Gold and Gemstone Mining Inc.
DRAPER, UT--(Marketwire - Feb 11, 2013) - Gold and GemStone Mining Inc. (OTCQB: GGSM), a Mining exploration company, is pleased to announce that the Company has signed an investment agreement with Deer Valley Management LLC for the purchase of up to US $5,000,000 of common stock. This financing, which will be available to GGSM upon the effectiveness of an S-1 registration statement, allows but does not require GGSM to sell up to US$5,000,000 of common stock to Deer Valley during the 36 month term.
GGSM will use funds from this investment agreement to commence full scale mining operations on their portfolio of concessions on the African continent.
"We couldn't be happier with this financing arrangement," says Charmaine King, CEO of GGSM. "This equity line financing will allow us to access the funds we require to start full scale mining operations and production, and maximize value for our shareholders."
About Gold and GemStone Mining Inc.
Gold and GemStone Mining Inc. is an exploration stage company that will engage in the acquisition, exploration, and development of Diamond and Gold properties around the world. Integral to our plan is to form strategic alliances and joint ventures with gold and diamond mining companies.
Disclaimer - Forward Looking Statements
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