BUZZ — Greenland Mines jumps after $38 mln direct stock offering

* Shares of Greenland Mines rise 27% to $14.2 premarket * Stock set to open at its highest level in three months, if premarket gains hold * GRML sold 3.2 mln shares and pre-funded warrants in a registered direct offering priced at $12 per share * Offering to institutional investors expected to raise about $38.4 mln in net proceeds * Co says proceeds will be used for Greenland mining operations, working capital and general corporate purposes * Last week, the US, Denmark and Greenland signed a security pact to expand US military presence in Greenland * GRML down about 22.6% YTD, as of last close (Reporting by Darshan Kumar in Bengaluru) ((darshan.kumar@thomsonreuters.com)