2/29/2012 8:08:00 AM - News Release
An anonymous director of Jilin Jien reports
AFFILIATE OF JILIN JIEN NICKEL INDUSTRY CO., LTD. PURCHASES GOLDBROOK VENTURES INC. SHARES
Jien International Investment Ltd. (JIIL), an affiliate of Jilin Jien Nickel Industry Co. Ltd. and 0931017 B.C. Ltd., acquired ownership of a total of 2,147,500 common shares of Goldbrook Ventures Inc. through the facilities of the TSX Venture Exchange on Feb. 27, 2012, representing approximately 0.95 per cent of the outstanding shares. Both the highest price paid and the average price paid for the Shares purchased on February 27, 2012 was
.385 per Share. The aggregate number of Shares acquired by the Offeror and its affiliates since the commencement of the offer by the Offeror to acquire all of the issued and outstanding Shares and common share purchase warrants of Goldbrook (the "Offer") up until February 27, 2012A is 2,147,500 Shares. The average price paid for the Shares purchased by the Offeror and its affiliates since the commencement of the Offer up until February 27, 2012 is
.385 per Share. The Offeror, together with all persons acting jointly or in concert with it, owned 12,147,500 Shares in the aggregate as of February 27, 2012, representing approximately 5.42% of the outstanding Shares.
Jilin Jien also announced today that JIIL acquired ownership of a total of 1,647,500 Shares through the facilities of the TSXV on February 28, 2012, representing approximately 0.73% of the outstanding Shares. Both the highest price paid and the average price paid for the Shares purchased on February 28, 2012 was
.385 per Share. The aggregate number of Shares acquired by the Offeror and its affiliates since the commencement of the Offer is 3,795,500 Shares. The average price paid for the Shares purchased by the Offeror and its affiliates since the commencement of the Offer is
.385 per Share. The Offeror, together with all persons acting jointly or in concert with it, now owns 13,795,000 Shares in the aggregate, representing approximately 6.15% of the outstanding Shares.
JIIL acquired the Shares in furtherance of the Offeror's Offer for majority ownership and control of Goldbrook. The Offeror continues to reserve the right in its Offer to acquire or cause an affiliate to acquire additional Shares, up to 5% of the outstanding Shares, based on the number of Shares outstanding at the time of the commencement of the Offer. The Offeror intends to purchase Shares pursuant to the Offer and may make future purchases after completion of the Offer as circumstances warrant.
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