TORONTO, ONTARIO--(Marketwired - Jan. 15, 2014) - Alpha Infrastructure LLC (the "Company") announced today that it has acquired ownership and control over 14,339,446 common shares (the "Common Shares") of GB Minerals Ltd. ("GB Minerals") (TSX VENTURE:GBL). The Common Shares were acquired through a third party vendor, Wad Consulting AG (the "Vendor"), pursuant to a share purchase agreement dated January 7, 2014 (the "Share Purchase Agreement"). Pursuant to the terms of the Share Purchase Agreement, the Common Shares were issued at a price of US$0.075 per Common Share or US$1,075,458.45 in the aggregate.
Following completion of the purchase of Common Shares, the Company owns and exercises control over an aggregate of 14,339,446 Common Shares of GB Minerals, representing approximately 21.5% of the current issued and outstanding Common Shares.
The Common Shares were acquired by the Company for investment purposes. The Company may from time to time, increase or decrease its ownership of securities of GB Minerals depending upon future market conditions.