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GOLDBROOK VENTURES INC V.GBK



TSXV:GBK - Post by User

Comment by elitespooneron Feb 09, 2012 12:40pm
248 Views
Post# 19509965

RE: this is significant ~ game changer

RE: this is significant ~ game changer

2/9/2012 9:37:00 AM - News Release

 

An anonymous director reports

EARLY WARNING REPORT

 

Kudu Partners LP has acquired, directly or indirectly, 4,566,500 common shares of Goldbrook Ventures Inc. The common shares of GBK are listed on the TSX Venture Exchange. The 4,566,500 common shares purchased by Kudu represent a 2.04-per-cent interest in GBK.

 

Prior to Feb. 8, 2012, Kudu held 26,476,000 common shares of GBK, and Kudu now holds a total of 26,566,500 common shares of GBK, representing 11.86 per cent of GBK's outstanding 224,066,171 common shares as at Feb. 8, 2012.

 

Kudu also has ownership and control of warrants exercisable to acquire up to 10 million shares of GBK at a price of 25 cents per share. Assuming Kudu was to exercise all of its warrants, it would then own 36,566,500 common shares of GBK representing 15.62 per cent of GBK's outstanding common shares.

 

The common shares of GBK were acquired by Kudu for investment purposes. Subject to availability, price, the general state of the capital markets and the financial condition of GBK from time to time, Kudu may purchase or sell securities of GBK.

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