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GobiMin Inc. Announces Renewal of Normal Course Issuer Bid

February 3, 2014

ENP Newswire - 03 February 2014 Release date- 31012014 - Toronto, Canada - GobiMin Inc. (TSXV: GMN) is pleased to announce that, subject to TSX Venture Exchange approval, it intends to renew its normal course issuer bid to repurchase some of its common shares on the TSX Venture Exchange , commencing from February 1, 2014 . For the period from February 1, 2013 to January 31, 2014 , the Company had obtained the regulatory approval to acquire up to 2,973,324 common shares and, as at January 30, 2014 , 1,463,500 of its common shares had been repurchased for a gross amount of CAD610,502.40 (an average price of CAD0.4172 per share). The repurchase was conducted by Desjardins Securities Inc. The Company has applied for regulatory approval to acquire up to an additional 2,900,149 common shares, representing 5% of the common shares presently outstanding. Purchases are expected to be made in accordance with applicable regulations over a maximum period of 12 months ending January 31, 2015 . The directors of the Company believe that the repurchase by the Company of its own shares at the prevailing market price can, in appropriate circumstances, maximize shareholder value and be in the best interest of the Company and its shareholders. Any purchases will be made on that basis. The repurchase will be conducted by Desjardins Securities Inc. Contact: Felipe Tan Chief Executive Officer GobiMin Inc. Tel: (852) 3586-6500 Email: felipe@gobimin.com


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Source: ENP Newswire


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