TSX-V: GMN
TORONTO, July 24, 2015 /CNW/ - GobiMin Inc. (the
"Company" or "GobiMin") today reports that since December 4, 2013, Mr. Felipe Tan ("Mr. Tan"), the majority
shareholder of the Company, has gained beneficial ownership of
common shares exceeding 2% of the outstanding common shares of
GobiMin as a result of the Company's normal course issuer bids and
shares acquisition. This reporting threshold was reached on
July 23, 2015 with the acquisition of
100,000 common shares in the capital of GobiMin at an average price
of Cdn$0.45 per share through the
facilities of the TSX Venture Exchange for investment purposes (the
"Triggering Block"). In addition, since December 4, 2013, Mr. Tan acquired, directly or
indirectly, a total of 566,000 common shares in the capital of
GobiMin at an average price of Cdn$0.39 per share through the facilities of the
TSX Venture Exchange for investment purposes (the "Open Market
Shares") (the Triggering Block and the Open Market Shares
collectively referred to as the "Acquisition"). Mr. Tan
effected the Acquisition of common shares for investment purposes.
Mr. Tan reserves the right to purchase additional securities of
GobiMin or from time to time to dispose of any securities of
GobiMin that he may own.
Following the Acquisition, Mr. Tan holds, directly or
indirectly, a total of 32,169,000 common shares, representing
approximately 61.22% of the currently issued and outstanding common
shares (or 32,969,000 common shares representing approximately
62.74% of the currently issued and outstanding common shares
assuming all convertible securities held by Mr. Tan are exercised
and converted into common shares).
An Early Warning Report respecting the Acquisition will be filed
electronically on the Company's SEDAR profile, available at
www.sedar.com.
Mr. Tan has provided the above information to the Company for
inclusion in this news release.
"Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
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SOURCE GobiMin Inc.
