SOURCE: Gold & Silver Minerals

January 09, 2007 12:18 ET

Revised: G&S Minerals, Inc. Announces up to $6.2 Million Financing Slated for Expansion and Acquisition

LAS VEGAS, NV -- (MARKET WIRE) -- January 9, 2007 -- G&S Minerals, Inc. (PINKSHEETS: GSML) is pleased to announce that the equity financing structure it has executed with TMS Capital LLC ("TMS Capital") to provide up to $6.2 million in capital will be utilized by the Company to achieve its previously stated expansion goals of acquiring and developing high-quality mining resource prospects. The proceeds of the funding will be used to meet the mine acquisition payment schedule and for the completion of the mill, production equipment and operational expense. Additional funds will be reserved for the future acquisitions currently under consideration by the company.

G&S Minerals, Inc. recently executed an institutional funding agreement with TMS Capital whereby TMS Capital will provide for up to $6.2 million in equity financing. Charles Brown, President of G&S Minerals, stated: "This will provide much of the needed capital for the company to meet and exceed its objectives going forward. We are thrilled to have the support of such a credible and experienced team to help us achieve our financial goal."

About G&S Minerals, Inc.

G&S Minerals, Inc. dba Gold & Silver Minerals is a growing mining company focused on acquiring and developing high-quality, low-risk resource and energy prospects. The company is aggressively pursuing opportunities to develop working interests in mineral properties that offer short time to production as well as significant upside exploration potential. By leveraging an extensive network of industry contacts, management expertise, smart acquisitions and a strong market for minerals, Gold & Silver Minerals is working to build rapid asset growth, near-term cash flow, market interest and shareholder value. Gold & Silver Minerals trades on the OTCPK as "GSML." For additional information, please visit

About La Millonaria

The La Millonaria property, located in Mexico's highly prolific Sierra Madre Occidental gold-silver belt in SW Chihuahua, consists of four mining concessions with a total of 875 hectares, and includes formerly producing gold mines and current gold/silver exploration projects.

About TMS Capital LLC

TMS Capital LLC is a fundamentally orientated private investment fund focusing on special situation and value growth oriented micro-cap public companies. TMS Capital LLC is focused on working closely with companies to enhance shareholder value through flexible investment and funding structures and consulting services. For more information, please see

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Corporate Address:
723 S. Casino Center Blvd.
Las Vegas, NV 89101-6716
To receive timely updates and information on any future developments as they occur please email us at

Contact Information

  • Investor Relations Contact:
    Larry K. Davis
    Bravo International Services
    1534 Hampshire Rd.
    Victoria, B.C. Canada V8R 5T5
    Contact: 250-595-7714