Golden Alliance Closes 2nd Tranche of Funding

Golden Alliance Resources (OTC Other: GLNCF; TSX-V: GLL) has closed the second tranche of its previously announced private placement, raising gross proceeds of $305,000 at a price of $0.15 per unit.  Each unit is comprised of one common share and one transferable warrant, the latter of which entitles the holder, on exercise, to purchase one additional common share of the Company at a purchase price of $0.30 per warrant share for 18 months from the date of issue of the warrant.

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