TORONTO, Oct. 8, 2015 /CNW/ - GobiMin Inc. (the "Company"
or "GobiMin") today reports that since July
24, 2015, Mr. Felipe Tan
("Mr. Tan"), the majority shareholder of the Company, has
gained directly and indirectly via Belmont Holdings Group Limited
beneficial ownership of common shares exceeding 2% of the
outstanding common shares of GobiMin as a result of shares
acquisition. This reporting threshold was reached on October 7, 2015 with the acquisition of 200,000
common shares in the capital of GobiMin by Mr. Tan via Belmont
Holdings Group Limited at an average price of Cdn$0.39 per share through the facilities of the
TSX Venture Exchange for investment purposes (the "Triggering
Block"). In addition, since July 24,
2015, Mr. Tan acquired, directly or indirectly, a total of
900,000 common shares in the capital of GobiMin at an average price
of Cdn$0.40 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 33,269,000 common shares, representing
approximately 63.31% of the currently issued and outstanding common
shares (or 34,069,000 common shares representing approximately
64.84% 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.
