ContractEquity Acquisition Agreement • January 9th, 2008
Contract Type FiledJanuary 9th, 2008TSX-V: GEL NZAX: GELINCORPORATED IN CANADA NEWSLETTER 12 July 09 (p2) RISE AND SHINE Glass Earth has entered into an agreement to acquire a 70% equity interest in Golden Fern Resources through funding ongoing exploration on the Rise and Shine property near Cromwell. Glass Earth’s CEO, Simon Henderson, commented that “this agreement is a great opportunity for Glass Earth to link up this resource potential … a major structure in the middle of our existing permitted ground”. The Rise and Shine / Bendigo area is home to celebrity “Shrek” the hermit merino ram who evaded musterers for six years. Glass Earth has completed a resistivity survey and is planning a ground magnetics sur- vey, both to complement its previous regional aerial resistivity/magnetics survey. Resis- tivity is used to map the electrical properties of soil and underground rock. Quartz veins that host gold mineralization are highly resistive. Glass Earth is targeting:a) large tonnage/ounce gold resources in relation to uno