Glamis Gold issues 12.1 million shares

Glamis Gold Ltd. of Reno said last

week it issued 12.1 million common shares

priced at $13.15 (Canadian).

Underwriters are BMO Nesbitt Burns

Inc., National Bank Financial Inc.,

Yorkton Securities inc., CIBC World

Markets Inc., Merrill Lynch Canada Inc.,

Research Capital Corp. and Sprott

Securities Inc. The $159 million raised

will be used to finance the initial costs of

the company's El Sauzal gold mine in

Mexico.

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