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Address: 145 King St. West,
Suite 1502
Toronto, ON
Canada M5H 1J8
Tel: (647) 260 1500
Fax: (416) 640 2011
Warrant Symbol - GRL.WT
Number Trading - 63,485,803
Expiration Date - November 12,
2011
Cusip - 37357 12 4
Exercise Price - $1.30
Warrants called to trade news:
Gleichen to list on TSX
Feb. 24
2010-02-22 17:16 MT - New
Listing
TSX bulletin 2010-0214
An application has been granted
for the original listing in the
mining category of 433,862,008
common shares of the company, of
which 337,647,455 common shares
will be issued and outstanding,
and 96,214,553 common shares
will be reserved for issuance.
An application has also been
granted for the listing of
64,089,553 common share purchase
warrants, of which 63,485,803
warrants are issued and
outstanding, and 603,750
warrants are reserved for
issuance. Each warrant entitles
the holder to purchase one
common share of the company at a
price of $1.30 per warrant share
at any time prior to 5 p.m.
(Toronto time) on Nov. 12, 2011.
The warrants were sold pursuant
to a private placement of
special warrants on Nov. 12,
2009, at $1 per special warrant.
Each special warrant was
exercised, for no additional
consideration into one common
share of the company and
one-half warrant and these
common shares and warrants
become freely transferable
pursuant to a prospectus dated
Jan. 14, 2010.
The common shares and warrants
will be listed and posted for
trading at the opening on
Wednesday, Feb. 24, 2010.
The company is subject to the
reporting requirements of
Section 501 of the TSX company
manual.
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Common shares:
Stock symbol: GRL
Cusip: 377357 10 8
Trading currency: Canadian
Warrants:
Stock symbol: GRL.WT
Cusip: 37357 12 4
Trading currency: Canadian
Temporary market-maker: GMP
Securities LP
Other markets: The common shares
are currently listed on the TSX
Venture Exchange under the
symbol GRL. The common shares
will be delisted from TSX-V on
Feb. 24, 2010, upon commencement
of trading on TSX.
Incorporation: The company was
incorporated under the Company
Act of British Columbia on Nov.
13, 1980, under the name Pulsar
Energy & Resources Inc. The
company filed notices of
amendment on: (i) Nov. 30, 1987,
to change its name to Star One
Resources Inc.; (ii) June 26,
1989, to change its name to
Hyder Gold Inc.; and (iii) Aug.
3, 2006, to change its name to
Gleichen Resources Ltd.
Fisal year-end: Oct. 31
Nature of business: The company
is a Canadian-based gold
exploration company engaged in
the acquisition, exploration and
development of mineral
properties. The company's
principal asset is a
78.8-per-cent interest in the
Morelos project in Mexico and
has exercised a right of first
refusal to buy the remaining
21.2 per cent.
Transfer agent and registrar:
Computershare Investor Services
Inc., Toronto
Dividends: The company has not
paid any cash dividends or made
other distributions on its
common shares to date. There are
no restrictions on the ability
of the company to pay dividends
except as set out under its
corporate statute. Any future
dividend payments or
distributions will be made at
the discretion of the board and
will depend on the company's
financial needs to finance its
exploration program and its
future growth, and any other
factors that the board deems
necessary to consider in the
circumstances.
Prospectus offering: Pursuant to
a short-form prospectus dated
Feb. 16, 2010, 50 million common
shares are being sold to the
public by Macquarie Capital
Markets Canada Ltd., BMO Nesbitt
Burns Inc., GMP Securities LP,
Dundee Securities Corp. and
Jones, Gable & Company Ltd., as
underwriters, at a price of $1
per common share, for gross
proceeds of $50-million. The
offering is scheduled to close
before the markets open on
Wednesday, Feb. 24, 2010.