| GobiMin Inc. Announces Partial Disposition of Investment in Loco Hong Kong Holdings Limited | |
| | |
|
TSX-V: GMN
TORONTO , Sept. 17, 2015 /CNW/ - (GMN.V) GobiMin Inc. (the "Company" or "GobiMin") announces that it has sold the Company's investment in 40,000,000 shares, being its partial shareholding, of Loco Hong Kong Holdings Limited ("Loco HK") to third parties (the "Transaction") for gross proceeds of approximately US$4.7 million which will be received on September 21, 2015 . The Transaction is an Arm's Length Transaction as defined in the TSX Venture Exchange policies. After the Transaction, GobiMin remains having a 38% equity interest in Loco HK.
Mr. Felipe Tan , CEO of GobiMin, commented on the Transaction: "Having regard to the current market price and the global economic conditions, we take the view that it is a good timing and value to realise part of the Company's investment in Loco HK. The resources of the Company can be better deployed in developing our other assets or potential projects after the disposal. The proceeds from the Transaction will strengthen our financial base and increase our financial flexibility."
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
To receive GobiMin press releases by email, send a message to info@gobimin.com and specify "GobiMin press releases" on the subject line To unsubscribe GobiMin press releases, please send a message to
SOURCE GobiMin Inc.
|
|
|
GobiMin Inc.
|
|
|
CODE : GMN.V |
ISIN : CA38020T1021 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
GobiMin est une société développant des projet miniers de cuivre basée au Canada. GobiMin est productrice de cuivre, de nickel en Chine, et détient divers projets d'exploration en Chine. Son principal projet en production est HUANGSHAN DONG en Chine et ses principaux projets en exploration sont HUANGSHAN, YANXI et XIANSHAN en Chine. GobiMin est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 92,1 millions CA$ (73,6 millions US$, 64,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,24 CA$, et son plus bas niveau récent le 09 septembre 2021 à 0,19 CA$. GobiMin possède 50 310 000 actions en circulation. |