Listed gold explorer Glass Earth Gold is undertaking a multi-million dollar private placement.
The placement will raise $C2.2 million ($NZ2.7 million) which the mining firm will primarily use to finance the purchase of the 50% of shares it doesn't own in mining operator Dunstan Mining and take full ownership of Goldmines New Zealand.
The operations are expected to generate up to $2 million this year and $6 million in 2013.
The placement is subject to acceptance by TSX Venture Exchange in Canada.
