G&S Minerals raises $6.2 million from equity offering

By Sheri Kasprzak

New York, Jan. 8 - G&S Minerals, Inc. settled a $6.2 million private placement of its stock.

TMS Capital LLC purchased the shares in the offering, but the full terms of the deal could not be determined by press time Monday.

Proceeds will be used for mine acquisition costs and the completion of a mill, production equipment and operational expenses.

Las Vegas-based G&S is a mineral exploration company focused on gold and silver prospects.

The stock jumped 25%, or 7 cents, on Monday to end the day at $0.35 (Pink Sheets: GSML).

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