news release another TSX.V company, Nulegacy just did a share exchange with the same company last week
Columbus Copper Announces Share Exchange
Vancouver, B.C., November 14, 2013 - Columbus Copper Corporation (CCU: TSX-V) (formerly Empire Mining Corporation) ("Columbus Copper") is pleased to announce it has settled on terms to undertake a private placement with Global Resources Investment Ltd. ("GRIL"). Columbus Copper is seeking to raise approximately CDN$960,000 through the sale of 16,000,000 common shares at a deemed price of $0.06 per share. No warrants will be issued in connection with this transaction.
GRIL has been established to exploit investment opportunities in the junior mining and natural resources sectors worldwide, with an investment objective to generate medium and long-term capital growth. GRIL will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust Plc. ("GRIT ") and seek admission of its ordinary shares on the main market for listed securities on the London Stock Exchange.
In consideration for acquiring the Columbus Copper common shares, GRIT will issue and deliver to Columbus Copper 579,395 ordinary shares of GRIT at deemed price of £1.00 per share (the "GRIT Shares"). Columbus Copper will then sell the GRIT Shares through the facilities of the London Stock Exchange to realize the private placement proceeds.
A finder's fee of 8% in common shares will be payable to Jordan Capital Markets Inc. for introducing Columbus Copper and assisting in negotiating the transaction with GRIL.
Closing of the transaction is subject to a number of conditions precedent, including approval of the TSX Venture Exchange and GRIT successfully listing on the London Stock Exchange.
ON BEHALF OF THE BOARD,
Robert F. Giustra
Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined