GRM Investments Ltd.

January 15, 2016 23:30 ET

GRM Investments Ltd. Acquires Common Shares of Capstone Mining Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2016) -

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

GRM Investments Ltd. ("GRM") announces that on January 15, 2016, GRM acquired an aggregate of 6,287,500 common shares (the "Shares") of Capstone Mining Corp. (the "Issuer") at a price of $0.302 per Share, representing 1.65% of the Issuer's issued and outstanding common shares.

Immediately after the acquisition, GRM beneficially owns and controls an aggregate of 43,283,761 common shares of the Issuer, representing approximately 11.33% of the Issuer's issued and outstanding common shares. GRM acquired the Shares on the open market through the facilities of the Toronto Stock Exchange (the "TSX").

The common shares of the Issuer are listed on the TSX and trade under the symbol "CS".

The common shares acquired by GRM are held for investment purposes. GRM will review its investment in the Issuer's common shares on a continuing basis and such holdings may be increased or decreased in the future. GRM may in the future acquire or dispose of common shares of the Issuer, through the open market, privately or otherwise, as circumstances or market conditions dictate.

GRM will file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transactions with applicable securities regulatory authorities, a copy of which will be available on SEDAR at www.sedar.com.

Sam Parrotta, Chief Financial Officer

Contact Information

  • For further information or for a copy of the early warning
    report, please contact:
    Sam Parrotta, Chief Financial Officer, GRM Investments Ltd.
    #300 - 550 Robson Street
    Vancouver, British Columbia, V6B 2B7
    Telephone: (604) 602-7711 / Fax: (604) 688-7907