General Moly, Inc.

09:52 AM EST - General Moly, Inc. : Announced that yesterday the Company and Amer International Group Co. North America, Ltd. an affiliate of Amer International Group Co. Ltd. have closed a $4-million private placement by Amer NA at a price of $0.40 per common share of General Moly under a new Securities Purchase Agreement and Warrant, resolving the parties' Dispute. General Moly, Inc. shares T.GMO are trading up $0.025 at $0.35.