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GLLA Gilla Inc. featured news, full reports, and detailed charts

Gilla Inc. (GLLA/GLLA.OB) Wrap Up:

Gilla, Inc. engages in the acquisition and development of mineral properties in Canada. The company focuses on gold and other minerals. It owns the rights to 2 titanium concessions in Cameroon, which include the Mfoumou and Sele properties. The company is based in Carson City, Nevada.
1 Employees

Gilla Inc. (GLLA:OTC Bulletin Board Market)

LAST $0.08 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Gilla Inc. (GLLA)

OPEN
--
PREVIOUS CLOSE
$0.08
DAY HIGH
--
DAY LOW
--
52 WEEK HIGH
01/27/09 - $0.52
52 WEEK LOW
11/17/09 - $0.02
MARKET CAP
3.2M
AVERAGE VOLUME 3 mo
36.2K
DILUTED EPS TTM
$-0.35
SHARES OUTSTANDING
39.7M
GLLA Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

GLLA Top Compensated Officers

Mr. Georges Benarroch
President, Chief Financial Officer, Director ...
Age: 60
Total Annual Compensation: $6.7K
Mr. Daniel Barrette
Chief Operating Officer, Director and Member ...
Age: 44
Total Annual Compensation: $3.0K
Ms. Linda Kent
Corporate Secretary, Treasurer, Director and ...
Age: 53
Total Annual Compensation: $10.9K

Executives, Board Directors

Compensation as of Fiscal Year 2008.

Key developments for Gilla Inc. (GLLA)

Gilla Inc. Announces Drilling Results from Salutar Comercio Prospecting Licence

Gilla Inc. announced that the 2008 exploration stream sediment sampling program returned anomalous gold values on its 199 km2 Salutar Comercio Prospecting Licence ('PL') in the Province of Cabinda, Angola. Predominantly metasedimentary lithologies of Pre-Cambrian age of the Mayombe tectonic system underlie the PL. The stream sediment sampling program covered about 25% of the PL and comprised the collection of the-2mm sieved fraction, for gold analysis, as well as a separate sample of the unsieved stream sediment fines, for multi-element ICP analysis, from each sample site. A statistically determined 300 ppb gold high-cut was applied to the gold values obtained for the 151-2mm samples. Five samples are statistically anomalous and one additional sample, 1.2 ppb gold below the anomalous threshold, is considered potentially anomalous. Anomalous samples have a gold value equal to or greater than the mean plus 2 times the standard deviation.

Gilla Inc. Auditor Raises 'Going Concern' Doubt

Gilla Inc. filed its 10-K on March 31, 2009 for the period ending December 31, 2008. In this report its auditor, Jewett, Schwartz, Wolfe & Associates, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Gilla Inc. Announces Board and Management Changes

On January 30th, 2009, David R. Robinson resigned from the Board of Directors of Gilla Inc. and from the Board of Directors of Free Mining Company. On January 30th, 2009 Mr. Georges Fotso resigned as Director, President and C.E.O. of Free Mining Company.

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GLLA Competitors

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Industry Analysis

Valuation GLLA Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful

GLLA

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No transactions in the last 6 months.

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