GLOBAL MINERALS LTD NEW GMFLF

RE: More NEWS!

[littlejoept]

Somebody's confused--maybe it's me. I was under the impression that this pp was to be done in two parts--("tranches"--whatever they are) and that it was gonna be about 2mm shares total. The first 'tranche' closed in january: Cons Global Minerals 1,825,000-share private placement January 25, 2005 The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced Jan. 7, 2005. Shares: 1,825,000 Price: 40 cents per share Warrants: 1,825,000 share purchase warrants to purchase 1,825,000 shares Exercise price: 60 cents for a two-year period Placees: six