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Acquisitive Investments acquire ownership of the Common Shares of Global Alumina
Edited by : AL CIRCLE
1 min read
Acquisitive Investments Limited. today announced that, on November 21, 2012, Acquisitive Investments acquired 6,000,000 common shares ("Common Shares") of Global Alumina Corporation ("Global Alumina") at a price of approximately CDN$ 0.14 per Common Share (the "Transaction"). The aggregate cash consideration paid by Acquisitive Investments for the 6,000,000 Common Shares was US$ 840,000 (CDN$ 838,320 based on the Bank of Canada nominal noon exchange rate for November 21, 2012).
Immediately following completion of the Transaction, Acquisitive Investments had ownership and control over 21,000,000 Common Shares or approximately 11.5% of the Common Shares outstanding at such time.
For purposes of calculating the percentages of Common Shares owned by Acquisitive Investments, Acquisitive Investments has assumed that there were 183,331,495 Common Shares outstanding as of November 21, 2012, as disclosed by Global Alumina in its management's discussion and analysis for the three and nine month periods ended September 30, 2012, a copy of which was filed and is available on SEDAR at www.sedar.com.
Acquisitive Investments acquired ownership and control of the Common Shares that are the subject of this press release for investment purposes.
Immediately following completion of the Transaction, Acquisitive Investments had ownership and control over 21,000,000 Common Shares or approximately 11.5% of the Common Shares outstanding at such time.
For purposes of calculating the percentages of Common Shares owned by Acquisitive Investments, Acquisitive Investments has assumed that there were 183,331,495 Common Shares outstanding as of November 21, 2012, as disclosed by Global Alumina in its management's discussion and analysis for the three and nine month periods ended September 30, 2012, a copy of which was filed and is available on SEDAR at www.sedar.com.
Acquisitive Investments acquired ownership and control of the Common Shares that are the subject of this press release for investment purposes.
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