RE: RE: pp announcement at .215
It is not a surprise that a PP was coming.
GBB needed the money to cover operating and upcoming drilling costs in Quebec.
The fact that it was priced @ .215 is huge sign of confidence in GBB by the investment community.
The PP is priced at about 80% higher than it's trading price when it recently broke out at .125 and only about
20% below the average trading range of the last few days. When most 'other' companies are pricing a PP, they
usually are discounted far more than with this financing.
This is very positive in my opinion.
With 13 more holes to be announced in the next few weeks and a quick expected close on the PP, we should
see GBB at new highs very soon.
GTLA
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