MM Asset Management Inc.

February 03, 2012 18:36 ET

MM Asset Management Inc. Acquires Control Over Common Shares of Goldbrook Ventures Inc.

TORONTO, ONTARIO--(Marketwire - Feb. 3, 2012) - MM Asset Management Inc. ("MMAM") announced that one fund it manages and advises, MMCAP International Inc. SPC ("MMCAP"), has acquired 388,500 common shares ("Shares") of Goldbrook Ventures Inc. ("Goldbrook") since a take-over bid for all of the outstanding Shares was filed by 0931017 B.C. Ltd. with the securities regulatory authorities on February 3, 2012. The Shares were acquired through the facilities of the TSX Venture Exchange.

MMCAP now beneficially owns and MMAM exercises control and direction over 11,265,000 Shares of Goldbrook, representing approximately 5.0682% of the outstanding Shares based on 222,266,171 outstanding Shares as of January 19, 2012 as per Goldbrook's Support Agreement.

MMCAP has acquired such securities for investment purposes only. Depending on market conditions and other factors, MMCAP may from time to time acquire additional securities of Goldbrook or dispose of such securities in the open market, by private agreement or otherwise.

Contact Information

  • Matthew MacIsaac