Great Harvest Announces Acquisition of Adex Common Shares
(firmenpresse) - HONG KONG, CHINA -- (Marketwired) -- 02/27/15 -- Great Harvest Canadian Investment Company Limited ("Great Harvest"), as previously reported in the System for Electronic Disclosure by Insiders (SEDI), has acquired 474,468,276 common shares of Adex Mining Inc. ("Adex") upon the exercise of rights issued to Great Harvest under the offering (the "Rights Offering") of rights to purchase common shares of Adex, and the acquisition of additional common shares of Adex available under the Rights Offering through the provision by Great Harvest of a standby commitment. The common shares were acquired at a price of $0.01 per common share, resulting in the payment of $4,744,682.76 to Adex.
Prior to the completion of the Rights Offering, Great Harvest owned 80,000,000 common shares of Adex, representing approximately 45.14% of the issued and outstanding common shares. After the completion of the Rights Offering, Great Harvest owns 554,468,276 common shares of Adex, representing approximately 81.88% of the issued and outstanding common shares.
Great Harvest acquired the common shares for investment purposes. Great Harvest may increase or reduce its investment in Adex according to market conditions or other relevant factors.
Contacts:
Great Harvest Canadian Investment Company Limited
12th Floor
200 Gloucester Road
Wanchai, Hong Kong
Attention: Joseph Lau Ying Kit
(852) 2836-6801
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Datum: 27.02.2015 - 16:56 Uhr
Sprache: Deutsch
News-ID 374922
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HONG KONG, CHINA
Kategorie:
Investment Services & Trading
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"Great Harvest Announces Acquisition of Adex Common Shares"
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