Global Minerals Ltd. (TSXV:CTG) announced that a non-brokered private placement of up to 8,000,000 post-consolidation units at CAD 0.25 per post-consolidation unit for gross proceeds of up to CAD 2,000,000 on January 12, 2014. Each unit consists of one post-consolidation common share and one share purchase warrant. Each warrant entitles the holder to purchase exercisable to purchase one post-consolidation common share at an exercise price of CAD price of CAD 0.35 per common share for two years from the date of closing. The expiry date of the warrants will be subject to acceleration such that, should the daily trading price of the shares of the company on the TSX Venture Exchange exceed CAD 0.50, the warrants will expire on the thirtieth day following the last day of the acceleration period. The company must issue a news release announcing the accelerated expiry within two trading days of the last day of the acceleration period. All securities to be issued are subject to a four month resale restriction. The company may increase the size of the placement by up to CAD 1,000,000 and pay a finder's fee in connection with some of the units issued. The transaction is subject to the TSX Venture Exchange's approval.

On January 22, 2014, the company announced that it has amended the terms of the transaction. The company will now issue 12,000,000 units for gross proceeds of CAD 3,000,000. The company may receive maximum of CAD 3,500,000 in the transaction.

On February 6, 2014, the company announced that it has further amended the terms of the transaction. The company will now issue 14,000,000 units for gross proceeds of CAD 3,500,000 on closing. The other terms of the transaction will remain unchanged.