Gusiute Enters into Agreement with EMR

TORONTO, June 2, 2015 /CNW/ - This press release is issued by Gusiute Holdings (UK) Limited ("Gusiute"), an indirect wholly-owned subsidiary of Tata Chemicals Limited, pursuant to the early warning requirements of National Instrument 62-103 and Multilateral Instrument 62-104 with respect to common shares ("Common Shares") of EPM Mining Ventures Inc. ("EPM"), a reporting issuer in certain jurisdictions in Canada. In accordance with such early warning requirements, Gusiute is required to report any change in material fact contained in the previously filed early warning report dated September 6, 2011. As of the date hereof, Gusiute continues to maintain its ownership and control of 29,055,612 Common Shares of EPM, representing approximately 19.8% of the issued and outstanding Common Shares of EPM, on an undiluted basis. The Transfer Agreement (as defined below) did not result in a change in ownership or control of the Common Shares held by Gusiute Holdings.

On May 29, 2015, Gusiute entered into a transfer agreement (the "Transfer Agreement") with EMR Capital Resource Fund 1, LP ("EMR") pursuant to which Gusiute and EMR granted each other rights of first offer and rights of first refusal in certain situations with respect to dispositions of Common Shares of EPM owned by each of Gusiute and EMR as well as established a framework for the review of and support for potential change of control transactions affecting EPM.

For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial securities legislation in connection with the Transfer Agreement hereunder, please go to the EPM profile on the SEDAR website www.sedar.com or contact Scott Ellis at (973) 599-5520.

Note: Disclosure regarding the percentage of outstanding Common Shares held by Gusiute is based on information provided by EPM.

Note on Forward-Looking Information

This press release includes certain forward-looking information, including statements relating to Gusiute's interest in EPM, agreements relating to securities of EPM and its future intentions in respect thereof, using words including "anticipate ", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. This forward-looking information reflects current views with respect to current and future events and circumstances and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions, including those relating to changes in business, performance and markets. Actual results may differ materially from information contained in the forward-looking information as a result of a number of those factors. Forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Gusiute undertakes no obligation to publicly update or revise any forward-looking information contained in this press release, except as required by applicable laws.

 

SOURCE Gusiute Holdings (UK) Limited

For further information: Gusiute Holdings (UK) Limited, c/o Tata Chemicals North America, 100 Enterprise Drive, Rockaway, NJ 07866, Attention: Scott Ellis, Email: sellis@tatachemicals.com

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Gusiute Holdings (UK) Limited

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