ENIRGI GROUP CORPORATION
130 Adelaide Street West
Suite 3303
Toronto, Ontario
M5H 3P5
Canada
For Immediate Release
ENIRGI GROUP ANNOUNCES INTENTION TO SELL ANDOVER POSITION
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
AND NOT FOR DISSEMINATION IN THE UNITED STATES
TORONTO, June 25, 2013 – Enirgi Group Corporation (“Enirgi Group”) announced today
its intention to sell up to 4,097,500 common shares (the “Andover Shares”) of Andover. The
sale of Andover Shares is expected to begin on or after Friday, June 28, 2013.
Enirgi will file an amendment to its early warning report dated March 27, 2013 (“EWR”) in
connection with its ownership of securities of Andover Mining Corp. (“Andover”).
As a result of the non-payment of a US$2.5 million principal amount non-convertible note
dated September 23, 2011 (the “September Note”) of Andover on its maturity, Enirgi Group
commenced legal proceedings against Andover in the Superior Court of British Columbia to
enforce repayment of the full principal amount of the Notes (as defined below) on June 4,
2013.
In addition, the EWR has been amended to reflect a change in the conversion rate under a
US$1.5 million principal amount convertible note of Andover dated August 31, 2012 (the
“August Note”). As a result of the closing, on May 31, 2013 of a non-brokered private
placement of Andover’s securities, Enirgi Group is entitled to demand a redemption of all or a
portion of the August Note in Andover common shares at a conversion price equal to the
current market price of Andover common shares, rather than the initial CAD$0.235 conversion
price.
Enirgi Group is also the holder of a US$2.5 million principal amount convertible note dated
April 30, 2012 (the “April Note”) of Andover (the August Note, the September Note and the
April Note are collectively referred to herein as the “Notes”). The April Note can be converted
into common shares of Andover at CAD$0.32 per share at the discretion of the holder thereof
up to the date of maturity.
Enirgi Group reserves the right to change the plans described above at any time including by
acquiring or disposing of Andover common shares or exercising the conversion rights under the
August Note and the April Note.
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This press release does not constitute an offer to sell or the solicitation of an offer to buy any
Andover securities.
For further information or to obtain a copy of the amended Early Warning Report filed by
Enirgi Group, please contact Jessica Helm at (416) 365-2783.
Enirgi Group Corporation is a private Canadian company. For additional information, please
visit our website at www.enirgi.com.