GobiMin Inc.
TSX VENTURE : GMN

GobiMin Inc.

April 25, 2007 17:55 ET

GobiMin Inc.: Desjardins Securities Exercises Option to Purchase Additional $1,687,500 of Common Shares

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

GobiMin Inc. (TSX VENTURE:GMN) ("GobiMin" or the "Company") announced today that the syndicate of underwriters led by Desjardins Securities Inc. in the Company's recently announced bought deal financing have exercised their option (the "Greenshoe Option") to purchase an additional 450,000 common shares of the Company (the "Common Shares") at a price of $3.75 per Common Share, for additional aggregate gross proceeds of approximately $1,687,500. With the exercise of the Greenshoe Option, the aggregate gross proceeds of the offering will be $12,937,500.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About GobiMin Inc.

GobiMin Inc. is a junior mining company with nickel sulphide operations and development properties in northwestern China. The Company controls three concessions, within a 10-kilometre radius, totalling 455 hectares. In operation since 1999, GobiMin is currently increasing its mining capacity to approximately 330,000 tonnes of ore annually from two underground mines (Huangshan Dong and Xiangshan) for 2007 from 220,000 tonnes in 2006. GobiMin's shares are traded on the TSX-Venture under the symbol GMN.

To receive GobiMin press releases by email, send a message to info@gobimin.com and specify "GobiMin press releases" on the subject line.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • GobiMin Inc.
    James Xiang
    Chief Financial Officer
    (416) 915-0133 Ext 222
    (416) 363-2908 (FAX)
    Email: james@gobimin.com