Wow, I am shocked, goes to show investors today imo are just plain dumb with no idea of what they are investing in. Unbelievable.
Subsidiary of Jilin Jien Nickel Industry Co., Ltd. Takes Up Shares and Warrants of Goldbrook Ventures Inc. and extends its offer to March 22, 2012
TORONTO, March 12, 2012 /CNW/ - Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien") announced today that a total of 196,350,053 common shares (the "Shares") and 37,734,307 common share purchase warrants (the "Warrants") of Goldbrook Ventures Inc. ("Goldbrook") were validly tendered and taken up as of March 12, 2012 pursuant to the offer ("Offer") to acquire all of the issued and outstanding Shares and Warrants. All conditions of the Offer have either been satisfied or waived.
As a result of these tenders, 0931017 B.C. Ltd. (the "Offeror"), an indirect wholly-owned subsidiary of Jilin Jien, has taken up approximately 85.00% of the outstanding Shares and approximately 90.55% of the outstanding Warrants. The Offeror and its affiliates now collectively own 215,464,553 Shares representing in the aggregate approximately 93.27% of the outstanding Shares (including the 10,000,000 Shares (approximately 4.32%) held by an affiliate of the Offeror prior to the date of the Offer and 9,114,500 Shares (approximately 3.94%) purchased by an affiliate of the Offeror in the market during the course of the Offer).