Global

Geoscience


NEWS RELEASE 19 August, 2013 ASX Code: GSC


GLOBAL COMPLETES $1.1 MILLION CAPITAL RAISING

Global Geoscience Ltd

ABN 76 098 564 606

ASX Code: GSC

Current share price: $0.03

52 week range: $0.02-$0.08

Issued Shares: 168M Directors Holdings: 12% Top 20 Holdings: 55% Market Cap: $5M

Cash: $0.7M

Key Projects Tokop Au (NV, USA) Excelsior Au (NV, USA)

Lone Mt Au (NV, USA)

Sara Sara Cu-Mo-Ag (Peru) Mancha Pampa Cu-Au (Peru)

Board of Directors

Robert Reynolds

Non-Executive Chairman

Bernard Rowe

Managing Director

Peter Nicholson

Executive Director

Patrick Elliott

Non-Executive Director

Registered Office

Suite 203, 161 Walker Street

North Sydney NSW 2060

AUSTRALIA

T: +61 2 9922 5800

F: +61 2 9922 4004

Contact

Bernard Rowe

T: +61 4 1944 7280 browe@globalgeo.com.au

HIGHLIGHTS

• $1.1 million capital raising announced in May 2013 now fully completed.
• Shareholders subscribed for about $600,000 under a non- renounceable rights issue leaving a shortfall of $500,000.
• Directors have applied for $200,000 of the shortfall (subject to shareholder approval).
• Investors have applied for $300,000 of the shortfall.
Australian exploration company, Global Geoscience Ltd ("Global") (ASX: GSC), today announced it had completed a $1.1 million capital raising announced in May.
"This is an excellent result for the Company at a time when raising funds is difficult to achieve," Global Geoscience Managing Director, Mr Bernard Rowe, said today.
"Combined with the exploration funding from our partners in Nevada (Osisko Mining) and Arizona (Antofagasta), Global is now well positioned to advance its key projects and capitalize on new opportunities," he said.
Global announced a $1.1 million non-renounceable rights issue on 13
May 2013. The offer closed in mid-June and shareholders subscribed for shares and options representing $597,650, leaving a shortfall of $514,239.
Global's four directors subscribed for a total of $200,000 of the shortfall - subject to shareholder approval. An Extraordinary General Meeting (EGM) will be held on 3 September 2013 to allow shareholders to vote on this proposal.
Subscriptions were received from investors for the balance of the shortfall, and today Global has issued 10,474,641 shares and 10,474,641 options to complete the capital raising.
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About Global Geoscience

Global Geoscience is a Sydney-based mineral exploration company specialising in project
generation, greenfield exploration and discovery. The Company's main focus is for gold, copper and silver on its mostly 100%-owned projects in Nevada and Arizona in the United States, and Peru in South America. The Company has exploration agreements with Osisko Mining (USA) for gold in Nevada and is in the process of finalising an agreement with Antofagasta plc for copper in Arizona.
The Company is currently drilling on its flagship Tokop project in Nevada, USA. The drilling is being funding by Osisko. Results are expected in early to mid September.

MEDIA CONTACT:

Bernard Rowe Sean Whittington Managing Director Field Public Relations Global Geoscience Ltd (08) 8234 9555

(02) 9922 5800 0412 591 520

04 1944 7280


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