Gunnison Copper announces planned distribution of Greenstone-owned shares

Under the agreement, Paradigm has been appointed to enactment arsenic cause connected a commercially tenable “best efforts” ground successful transportation with an offering of the shares to organization investors.

The completion of the offering is taxable to the execution of stock acquisition agreements betwixt the Greenstone Group and purchasers and is expected to hap connected oregon earlier February 17.

Gunnison said the organisation is occurring arsenic Greenstone’s money approaches the extremity of its concern lifecycle and begins to upwind down. The institution noted Greenstone’s humanities enactment and stated it intends to proceed gathering its organization shareholder base.

"On behalf of Gunnison, I would similar to explicit our sincere gratitude to Greenstone Resources for being a valued and supportive spouse implicit the past 10+ years," Gunnison Copper CEO Stephen Twyerould said successful a statement.

"Greenstone has played an important relation successful the company's maturation and advancement, and we profoundly admit their long-standing committedness and publication to our progress."

The Greenstone Group presently beneficially owns and controls 143,208,937 communal shares of Gunnison, representing an ownership involvement of 33.88%, excluding immoderate debentures oregon options that are not portion of the offering. Following completion of the transaction, the Greenstone Group is expected to nary longer clasp immoderate Gunnison communal shares, reflecting a simplification successful ownership of 33.88%.