NG acquires another 1.45 m at 22 cents
Global Railway investor buys 1.45 million more shares
2013-01-30 18:56 ET - News Release
Mr. Tom Kusumoto reports
NORTH GROUP FINANCE LIMITED ACQUIRES ADDITIONAL SHARES OF GLOBAL RAILWAY INDUSTRIES LTD.
North Group Finance Ltd. has filed an early warning report dated Jan. 30, 2013, advising of its holdings in Global Railway Industries Ltd. On Jan. 30, 2103, the company acquired, through a wholly owned subsidiary, beneficial ownership of 1,457,500 common shares of Global Railway, representing approximately 9.5 per cent of the outstanding common shares of Global Railway. The company purchased these shares at a price of 22 cents per common share. Prior to this transaction, the company owned 3,942,300 common shares of Global Railway.
The company purchased the shares through the facilities of the NEX board of the TSX Venture Exchange. Global Railway's common shares are listed on the NEX board of the Toronto Stock Exchange under the trading symbol GBI.H. The company acquired the common shares of Global Railway for investment purposes and may acquire further shares of the issuer or dispose of its holdings of shares of the issuer, both as investment conditions warrant.