Global Met Coal Corporation seeks acquisitions. The company has closed the brokered portion of the private placement by raising CAD 722,333.97 through the issuance of 10,319,057 units consists of one common share and one non-transferable share purchase warrant at a price of CAD 0.07 per unit. Global Met Coal Corporation will use the proceeds to acquire interests in new mineral projects with a focus on coal, to fund future exploration and development of any such project, and for general working capital.

The company has identified acquisitions of metallurgical coal development projects in both Asia and North America.