Prior to the acquisition of the Purchased Shares, the Company exercised control over 15,096,946 common shares (the "Existing Shares") and
If the Company fully exercised its conversion right over the Debentures it would acquire control over an additional 5,000,000 common shares of GB Minerals, which together with the Purchased Shares and the Existing Shares would result in control over 50,096,946 common shares or 22% of the issued and outstanding common shares of GB Minerals, assuming only the conversion of those Debentures acquired by the Company.
The Purchased Shares were acquired by the Company for investment purposes. The Company may from time to time, increase or decrease its ownership of securities of GB Minerals depending upon future market conditions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Alpha Infrastructure LLC Brent de Jong1 713 239 2701 Source: Alpha Infrastructure LLC