TORONTO, Sept. 10, 2014 /CNW/ - Aterra Investments Limited ("Aterra") announces that on September 8, 2014, GB Minerals Ltd. ("GB Minerals") repaid $3,100,000 aggregate principal amount of 10% convertible debentures held by Aterra.
Aterra currently owns 115,014,664 common shares of GB Minerals representing approximately 56.7% of the outstanding common shares.
The repayment of the Debentures was completed as part of a restructuring of GB Minerals' balance sheet. Aterra continues to monitor the business, prospects, financial condition and potential capital requirements of GB Minerals. Depending on its evaluation of these and other factors, Aterra may from time to time in the future increase or decrease its ownership, control or direction over the common shares or other securities of GB Minerals through market transactions, private agreements, subscriptions from treasury or otherwise.
SOURCE: Aterra Investments Limited
For further information: including a copy of the corresponding report filed with Canadian securities regulators, contact: Mr. Andrie Christou, +357 2 500 1500; Aterra Investments Limited, c/o Trident Trust Company (BVI) Ltd., Trident Chambers, Wickhams Cay, P.O. Box 146, Road Town, Tortola, British Virgin Islands