Golden Alliance Closes First Tranche of Private Placement Financing in Peru

Golden Alliance Resources Corp. (TSXV:GLL,FWB:GA0) announced it has closed the first tranche of the non-brokered private placement announced on November 22, 2011.

As quoted in the press release:

The first tranche consists of aggregate gross proceeds of $450,000 with Peruvian-based investors. The Company will issue 3,000,000 units at a price of $0.15 per unit in the first tranche.

Golden Alliance President and COO, Normand Champigny, stated:

“We are encouraged that a significant portion of our current financing has been subscribed by sophisticated mining investors in Peru who know that country’s mining industry and we are delighted to welcome them to our Company. These new investors are confident in the determination of the new government to support the mining industry as a contributor for the future economic growth of Peru. Investors have recognized Rio Tabaconas as a quality project which holds geological characteristics similar to world class gold discoveries that are present in the region.”

Click here to read the Golden Alliance Resources Corp. (TSXV:GLL,FWB:GA0) press release
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