Great Harvest Canadian Investment Company Limited

February 27, 2015 11:56 ET

Great Harvest Announces Acquisition of Adex Common Shares

HONG KONG, CHINA--(Marketwired - Feb. 27, 2015) - Great Harvest Canadian Investment Company Limited ("Great Harvest"), as previously reported in the System for Electronic Disclosure by Insiders (SEDI), has acquired 474,468,276 common shares of Adex Mining Inc. ("Adex") upon the exercise of rights issued to Great Harvest under the offering (the "Rights Offering") of rights to purchase common shares of Adex, and the acquisition of additional common shares of Adex available under the Rights Offering through the provision by Great Harvest of a standby commitment. The common shares were acquired at a price of $0.01 per common share, resulting in the payment of $4,744,682.76 to Adex.

Prior to the completion of the Rights Offering, Great Harvest owned 80,000,000 common shares of Adex, representing approximately 45.14% of the issued and outstanding common shares. After the completion of the Rights Offering, Great Harvest owns 554,468,276 common shares of Adex, representing approximately 81.88% of the issued and outstanding common shares.

Great Harvest acquired the common shares for investment purposes. Great Harvest may increase or reduce its investment in Adex according to market conditions or other relevant factors.

Contact Information

  • Great Harvest Canadian Investment Company Limited
    12th Floor
    200 Gloucester Road
    Wanchai, Hong Kong
    Attention: Joseph Lau Ying Kit
    (852) 2836-6801