November 14, 2012 16:42 ET
TORONTO, ONTARIO--(Marketwire - Nov. 14, 2012) - Gram Minerals Corp. (the "Company") announced today that it has obtained a partial revocation of a Cease Trade Order issued by the Ontario Securities Commission for failing to have met continuous disclosure requirements. The partial revocation order permits the Company to engage in a certain private placement financing whereby it is proposing to issue a convertible debenture to an accredited investor, the proceeds of which (up to $70,000) will enable the Company to bring itself into compliance with its continuous disclosure obligations and to fund certain other expenses. It is expected that the private placement transaction will occur on or about November 16, 2012.
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