Glass Earth Gold

Otago miner and explorer Glass Earth Gold has announced it has raised $2.2 million, of an expected total of $4.2 million, from its first tranche of a private placement.

Gold exploration company Glass Earth Gold reported a 2009 loss of $C2.68 million ($NZ3.62m), with $C2.36m of capitalised exploration expenses written off in relation to relinquished ground that contained targets associated with those expenditures.