Chairman of Global Railway Industries Ltd. Sells Shareholdings to Affiliate of Mercury Partners & Company

Stock Symbol: GBI.H
Listing: NEX
Outstanding Shares: 15.3 Million
Web Site:

LACHINE, QC, Nov. 20, 2012 /CNW/ - Global Railway Industries Ltd. (GBI.H:NEX):  Global Railway Industries Ltd. announced today that its chairman, Thomas Dea, and two individuals who may be considered joint actors of Mr. Dea sold all 3,929,300 of their common shares in Global, representing approximately 25.7% of the outstanding shares, to an affiliate of Mercury Partners & Company.  Global has been advised that the transaction was completed in accordance with exemptions from the take-over bid and prospectus requirements of applicable Canadian securities laws.

The transaction is considered to result in a "change of control" of Global for purposes of the rules and policies of the TSX Venture Exchange.

About Global Railway Industries:  Global Railway Industries Ltd. is a public company whose shares are listed for trading on the NEX Board of the TSX Venture Exchange under the symbol "GBI.H".

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Global Railway Industries Ltd.

For further information:

Company Contact:
Fausto Levy
President & CEO
Tel: 514-634-6224 ext. 136

Company Contact:
Ross Corcoran
Vice President & CFO
Tel: 514-634-6224 ext. 136

Organization Profile

Global Railway Industries Ltd.

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