Global Resource Split Corp. Announces Upcoming Termination



    TSX Symbol: GSX, GSX.PR.A

    TORONTO, May 29 /CNW/ - Global Resource Split Corp. (the "Corporation")
announced today that the Corporation will redeem all of its outstanding
Preferred Shares and Class A Shares (together, the "Shares") on June 30, 2009
(the "Redemption Date") as contemplated by the constating documents of the
Corporation. The Corporation will request that its Shares be delisted from the
Toronto Stock Exchange after the close of trading on June 24, 2009.
Thereafter, the Corporation will pay a capital gain dividend to all Class A
Shareholders of record on June 30, 2009 prior to redeeming the Class A Shares.
Such capital gain dividend will reduce the redemption price per Class A Share
by an equivalent amount. The capital gain dividend, together with the
redemption proceeds for the Shares, will be paid by the Corporation on or
about July 6, 2009 through CDS Clearing and Depository Services Inc.
    In addition, the Corporation will pay on June 30, 2009 a regular
quarterly distribution of $0.13125 per Preferred Share to shareholders of
record on June 15, 2009.
    Preferred Shares and Class A Shares are currently listed on the Toronto
Stock Exchange under the symbols GSX.PR.A and GSX, respectively.




For further information:

For further information: CI Investments Inc., (416) 364-1145,
1-800-268-9374


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